Daily Chemical Reaction
The Waiting Game – Chemical Buyers Face Higher Input Costs, Long For Commodity Supply Return
- Commodity chemical values increase while US feedstock values fall due to storm-linked US production issues. Though US per-unit profit margins reflect multi-year highs on paper, low production rates limit returns for most.
- We flag pertinent chemical sector corporate items (e.g., Koppers, Solvay, Oxychem, Siegfried, Chemtrade Logistics, & Venator profit postings; Dow, MEGlobal, Westlake, & Covestro facility updates; OQ Chemicals price hikes)
- This report’s other relevant items include evaluating the recent surge in Ex-US naphtha relative to USGC ethane, several updates on global ESG initiatives, and comments on current foreign currency exchange trends.
See PDF below for all charts, tables and diagrams