Daily Chemical Reaction
Space Oddity – Demand & Production Factors Bring Gravity, US Polymer Prices to Leave the Capsule?
- US avg. polymer prices rose ~15% MoM in September and reflect a ~24% higher level since the start of 2020 per our model – we broadly discuss recent demand, production, and cost curve trends that question price durability.
- We highlight numerous corporate items worth note (e.g. BASF restarts TDI; Gevo collaborates with Total; Satellite Petrochemical begins ethane-fed cracker start up; Henkel invests in US advanced materials start-up, etc.)
- Other sector items worth mention today range from positive developments in hydrogen, to US oil and gas producers seeing tighter credit terms, to global spot market polymer price strength to start the week per our price model.
See PDF below for all charts