Daily Chemical Reaction
Mixed Emotions – Global Polymer Markets Begin to Show Varied Patterns As Fundamentals Surface
- Improving demand alongside global supply chain dislocations/production issues have spurred polymer prices higher since 2Q – we discuss the product chains that we see staying stronger for longer amid initial signs of divergence.
- We note multiple relevant corporate items (e.g. Casper, DIC Corp., Home Depot, Kaneka, Navigator Holdings and Walmart 3Q results; a few global operational updates and several sector price hike announcements, etc.)
- Other items mentioned range from our discussion of global PVC strength (see Ex. #1), to our view of the US HDPE market WoW (Ex. #2 & #3), to our view of several market indicators/trends in Europe, Asia and the Americas.
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