How Did Fertilizer Affordability Trend Last Week?
In the week ended February 24, 2017, the Fertilizer Affordability Index remained unchanged at 0.64x from the week prior.
MAP (monoammonium phosphate) is the second-most-used phosphate fertilizer after DAP (diammonium phosphate).
MOP (muriate of potash) is the key potash fertilizer (XLB) (SPX-INDEX) used globally.
What China’s Actually Doing with So Much Aluminum
China and aluminum As noted in the previous parts, China’s aluminum production rose almost 19% year-over-year last month, while the country’s unwrought aluminum exports rose only 2.6% during the period.…
China’s January aluminum production According to the data released by the International Aluminum Institute, China produced ~2.95 million metric tons of aluminum in January, which represents a YoY increase of almost…
Chinese aluminum demand indicators Since China is the world’s biggest aluminum consumer, it’s pertinent for investors in Alcoa (AA), Century Aluminum (CENX), and Norsk Hydro (NHYDY) to keep track of…
Must-know: Factors that influence the cement industry
The cement industry is highly affected by regulatory norms. This is prominent in developed countries where environmental issues are more stringent. This adds to the companies’ costs.
An increased focus on infrastructure development increases cement demand. This effect is prominent in emerging economies. A substantial portion of this demand comes from infrastructure projects. The projects are funded by the government.
The cement industry relies on power. Power and fuel costs account for ~30% of the price of cement when it’s sold. As a result, power and fuel have a major impact on the company’s operating expenditure.
Why DuPont Is Trading at a Premium Compared to Its Peers
As of February 22, 2017, DD traded at a one-year forward PE multiple of 21.4x.
42% of analysts recommended “buys” for DuPont stock, 52% recommended “holds,” and 6% recommended “sells.”
Since 2012, DuPont’s dividend yield has been falling.
Why Analysts Turned Bearish on TECK after Its 4Q16 Earnings
Teck Resources managed to post better-than-expected 4Q16 earnings.
Glencore has come a long way since September 2015 when the stock fell to multiyear lows.
According to the consensus estimates compiled by Thomson Reuters, Southern Copper (SCCO) has a mean one-year price target of $34.50.
Why Are Vale Analysts Are Feeling Upbeat?
The word on Wall Street Among the analysts that track Vale (VALE), 30.0% have given the company “buy” recommendations, and 17.0% have given it “sell” recommendations. Vale’s target price is $9.67,…
Valuation multiple The EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple is a widely used relative valuation multiple for capital-intensive industries such as metals and mining.…
Strong base metals production Vale’s (VALE) base metals production was impressive in 4Q16. Its nickel production grew 9.2% QoQ (quarter-over-quarter) to 83,000 tons. Its copper production rose 10% QoQ to…
How Does SQM Compare to Its Peers?
SQM has outperformed its peers based on PE ratio. The PE ratios of SQM, POT, MOS, and CMP are 20.3x, 11.5x, 9.6x, and 15.4x, respectively, as of November 17, 2015.
Sociedad Química y Minera de Chile (SQM) has a market cap of $5.7 billion. After the company’s 3Q15 earnings report, SQM fell by 5.6% to close at $18.49 per share on November 17, 2015.
Looking ahead, SRC said it has seen the early signs of a recovery in the resource sector, and expects it to continue to be a challenging environment for many commodities-focused businesses throughout 2014 and into 2015.
A Look at the Gold-Platinum Ratio
The demand for platinum has been very fragile over the past few years due to concerns about sales of diesel-based vehicles.
Call implied volatility takes into account the changes in an asset’s price due to variations in the price of its call option.
Mining companies with high correlations to gold include Randgold Resources (GOLD), Yamana Gold (AUY), Pan American Silver (PAAS), and Coeur Mining (CDE).
Understanding Environmental Regulations and Efficiency Trends in Specialty Chemicals
Greater community awareness toward the degradation of the atmosphere is forcing specialty chemical companies to comply with environmental regulations.
When the specialty chemicals industry entered a mature phase in the mid-1990s, innovation came to be characterized by small steps rather than by big leaps.
Companies in the specialty chemical industry have fewer intermediaries in their distribution range as they move from coatings to more specialized chemicals.