Daily Chemical Reaction
Under The Boardwalk – US Monomer Values Rise, Global Derivative Markets & Prices In Focus
- USGC spot ethylene values surged higher to start 2021, and we find Crude strength and lingering supply chain issues adding to positive sentiment. We flag the relative drop in Asia values and derivative trends as limiting factors.
- We highlight multiple corporate items (e.g., RPM International, Wanhua business updates; Enphase Energy, Braskem, Air Products, Jindal Films, PPG, and International Paper strategic moves; several production updates)
- Other relevant items within this report include estimates of greenhouse gas emissions from portions of the food supply chain, a discussion of global auto-maker 4Q business updates, and a showing of China spot trends worth notice.
See PDF below for all charts, tables and diagrams