Daily Chemical Reaction
No One-Size-Fits-All Market – Propylene Strength, Acetyl Price Hikes & Mixed Chemical Flows
- The USGC propylene market has surged higher – we discuss a few major differences between the driving propylene strength relative to USGC ethylene despite both markets seeing similar percentage upticks since early July.
- We take a cautious view of the propylene market in late 2020/early 2021 as production returns to normal and expect PGP-to-PP spreads to remain under pressure – we view this as a headwind for most US PP producers.
- Other items today range from Celanese acetyl chain price hikes, to LPG moving into ethylene cracker feed slates abroad, to reshoring supply chains.
See PDF below for all charts