Daily Chemical Reactions

Baby, It’s Cold Outside – USGC Production Issues Further Tighten Markets, Inflation Concerns Mount
February 18, 2021
Commodities Mentioned:
Polyurethanes, Polyols, Plastics (PVC, PP, PE, PS, PET, etc.), Carbon Black, Oxo-Intermediates, Ethylene, Propylene, Aromatics, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Adeka, Adnoc, Air Products, AkzoNobel, Albemarle, Altana, BASF, Dow, DSM, Ecolab, Grasim, IFF, Ishihara Sangyo, Kiri Industries, Koppers, Lanxess, Lona, LyondellBasell, Covestro, OQ Chemicals, Perstorp, PTTGC, Repsol, Showa Denko, Sibur, Stepan, LSB Industries

Daily Chemical Reaction

Baby, It’s Cold Outside – USGC Production Issues Further Tighten Markets, Inflation Concerns Mount

Key Points:

  • USGC production issues this week resulting from the Winter storm add to a series of issues that began in 2Q20. This report comments to the price spikes that we see this week and growing buyer pushback in some product chains.   
  • We flag pertinent chemical sector corporate items (e.g., Adeka, AkzoNobel, Albemarle, DSM, Ecolab, Showa Denko, Repsol profit news; Stepan, BASF, Philips Carbon Black, Total, Sumitomo, & OxyChem production updates)  
  • Other relevant items within this report include commentary on chemical rail traffic WoW, the recent strength in US retail sales, and generally market commentary on impacts from the US winter storm and a recent earthquake in Japan that have only added problems to already out-of-whack supply chains.

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