Daily Chemical Reactions

Bridge Over Troubled Water – Recent US Propylene Spot Strength Discussed, ESG Tailwinds Stiffen
December 23, 2020
Commodities Mentioned:
Natural Gas/NGLs, Propylene, Plastics (PVC, PP, PE, PS, PET, etc.), Benzene, Polysilicon, Lithium, Hydrogen, Crude/Naphtha
Companies Mentioned:
LG Electronics, Nova Chemicals, CPC International, H.B. Fuller, Highsun, Kuraray, Sanyo, Maire Tecnimont, Neste, OCI, Repsol, Berry Plastics, Shell, UPM, Domtar, Waters, Dow, LyondellBasell, CP Chemical, ExxonMobil, Eastman Chemical, Petrobras, PetroChina, Formosa Plastics, Arlanxeo, Storopack, Hapag-Lloyd, WeRide, Flint Hills, Daimler

Daily Chemical Reaction

Bridge Over Troubled Water – Recent US Propylene Spot Strength Discussed, ESG Tailwinds Stiffen

Key Points:

  • 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

Contact us to subscribe to our services and gain access to full content.