Insight Blog

The essential perspective on global commodities


24 Jan 2023

What lies ahead for voluntary carbon markets in 2023

A quick glimpse at the price history of most types of voluntary carbon credits in 2021 and 2022 will reveal somewhat of a bell-shaped curve. It's a shape that tells a very simple story: a large part of the value that carbon credits quickly gained in 2021 was slowly but steadily lost in 2022. It's a shape that leaves market players wondering about what would come next – and the same line could offer the answer

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20 Jan 2023

The party's over: Interest rates, inflation, oversupply siphon COVID-fueled polymer demand

Hot global polymer demand that pushed prices to record highs since mid-2020 started cooling in 2022 amid rising interest rates, high inflation and less-than-stellar timing of new production startups. As markets enter 2023, economic uncertainty looms, with producers and traders facing oversupply, thin margins and soft demand. In early January, ExxonMobil warned that its Q4 2022 chemical operating earnings were expected to decline up to 74% from Q3 on lower margins

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Commodity Tracker: 4 charts to watch this week

The impact of Lunar New Year holidays on demand and prices, alumina supply, Panamax rates and used cooking oil are in focus this week. 1. Will the oil price correction seen toward the end of 2022 continue? What’s happening? Dated Brent was trading just under $100/b but slid to a low of $76.10/b on Dec 9. With the exception of the pre-Christmas cold blast, winter weather, season-to-date, has been warmer than normal and warmer than last season in the US, Europe, and Japan

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