Morning TiO2

By Paul Sankey Published on December 15, 2020 at 9:04 AM

Sidetrack today into Titanium Dioxide. However before that, noted that the IEA’s latest report this morning, albeit always trailing, shows that global oil inventory was drawing very hard in October. The underlying dynamics here are extremely bullish: OECD industry stocks fell in October by 55.3 mb (1.78 mb/d) to 3 129 mb, and were 183.4 mb above the five-year average. Observed global stocks fell by 4.1 mb/d. Our analysis suggests that the global crude market will […]

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Morning Sankey 8/19/20

By Paul Sankey Published on August 19, 2020 at 8:56 AM

We were not wrong to highlight the reporting this week of “suburban stocks” with a huge beat from Target, (pronounced Tar-jay in French style, for its classy offering) and Lowe’s this morning both riding our “new 1950s” substantiation theme. Lumber was a theme of the Home Depot call yesterday as we expected, with strong demand driving profitability, and some debate over ongoing shortages, although Home Depot stated that supply was improving. As we noted in […]

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Sunday Sankey 7/26/20

By Paul Sankey Published on July 26, 2020 at 8:52 AM

As you float behind your wraparound shades, tan-topping on your infinity pool with the Bose underwater speakers cramming Dr Dre’s The Chronic, Kamikaze in hand, I will hunched pale white indoors in Brooklyn watching the final day of the UK Premiership. See slide within. New season starts Sept 12th, what a mess this year has been. There is the resolution of the European Champion’s League to fit in, and we have postponed the Euro 2020 […]

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