Daily Chemical Reaction
Bridge Over Troubled Water – Recent US Propylene Spot Strength Discussed, ESG Tailwinds Stiffen
- US polymer prices show upward momentum relative to levels abroad but weakness relative to a few primary US monomer values. Today, we frame the propylene trends and note a few relevant derivative and upstream indicators.
- We highlight multiple corporate items (e.g., Kuraray profit updates; OCI, Repsol, Highsun, CPC International, Shell, LG Electronics & Neste strategic moves; several new recycling & sustainability geared investment initiatives)
- Other relevant items within this report include US chemical production moving higher MoM in November; China polymer prices trending lower; ESG news mounting across all parts of the global chemical sector.
See PDF below for all charts, tables and diagrams