Core Viewpoint - The U.S. President's executive order utilizing the Defense Production Act highlights the necessity for U.S. farmers to have reliable access to glyphosate, as stated by Bayer [1] Group 1: Executive Order and Its Implications - The executive order aims to secure the supply of glyphosate, a critical herbicide for U.S. agriculture [1] - Bayer emphasizes the importance of glyphosate for farmers, indicating that access to this herbicide is essential for maintaining agricultural productivity [1] Group 2: Industry Impact - The move reflects broader concerns within the agricultural sector regarding the availability of essential farming inputs [1] - This action may influence market dynamics, potentially affecting glyphosate pricing and availability for farmers across the U.S. [1]

US President Donald Trump speaks during a Black History Month event in the East Room of the White House in Washington, DC, on Feb. 18, 2026."I find that ensuring robust domestic elemental phosphorus mining and United States-based production of glyphosate-based herbicides is central to American economic and national security," Trump said in the order. "Without immediate Federal action, the United States remains inadequately equipped and vulnerable."Glyphosate is often targeted by supporters of the Make Ameri ...

RT Peter St Onge, Ph.D. (@profstonge)RFK: Monsanto created Celiac DiseaseBtw, here's a chart of glyphosate on wheat (i.e. Roundup) and celiac disease hospital discharges: https://t.co/cY5fqRTh0m ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Oil, Gas, and Chemicals - **Key Trends**: - OPEC+ is expected to fully unwind production cuts, leading to increased oil supply surplus expectations. - Brent crude oil prices fell by 3% month-over-month (MoM) to US$67.3 per barrel in August, indicating weaker prices as peak demand season ends. [2][28] - The International Energy Agency (IEA) projects a surplus of 1.8 million barrels per day (Mb/d) in 2025, increasing to 3.0 Mb/d in 2026. The Energy Information Administration (EIA) forecasts around 1.5 Mb/d for both years. [2][28] Chemical Sector Insights - **Price Movements**: - TDI (Toluene Diisocyanate) average selling price (ASP) increased by 13% MoM, but showed a downward trend due to soft demand and higher supply. [3] - mMDI (Modified MDI) ASP rose by 7% MoM, supported by maintenance periods for some plants. [3] - Refrigerant R32 ASP also increased by 7% MoM, driven by strong producer bargaining power. [3] - **Demand Dynamics**: - Price increases were noted among TiO2 producers and polyester filament businesses, indicating potential for further price hikes in the near term. [4] - Products with tight supply include acetic acid, hydrogen peroxide, refrigerants, and others, suggesting potential price support. [4] Stock Recommendations - **Preferred Sectors**: - Chemical subsectors are favored as beneficiaries of 'anti-involution', particularly: - Fertilizers (Hualu) - Refining/Olefins (Hengli, Baofeng, Satellite) - Products with price hike potential (Wanhua for pMDI, Tongkun for polyester filament, Fufeng/Meihua for MSG, and refrigerants). [5] Risk Factors - **Oil & Gas Sector Risks**: - Fluctuations in crude oil prices and disappointing productivity enhancements could impact the sector. [28] - **Chemical Sector Risks**: - Price volatility due to international oil price changes and macroeconomic uncertainties could affect demand. [29] - **New Materials Sector Risks**: - Technological changes and reliance on policy support pose risks to revenue growth and stability. [30] Price Trends and Spreads - **Chemical Product Prices**: - Significant price changes were observed in various chemical products, with some experiencing declines of over 30% year-over-year (YoY). [27] - For example, butyl acrylate saw a 20.9% decrease MoM, while methanol-coal prices increased by 63.5% YoY. [27] Conclusion - The oil and chemical sectors are facing a complex landscape characterized by supply surpluses, price volatility, and shifting demand dynamics. Investors are advised to monitor these trends closely for potential investment opportunities and risks.