Daily Chemical Reaction
- We discuss recent global petrochemical price support in the context of the current outages and a steepening cost curve that favors US production. We also consider the high prices relative to eco-friendly growth capex news.
- We flag pertinent chemical sector corporate items (e.g., Croda, Yansab & Hempel profit postings; Braskem Idesa production update; Multiple other facility updates, price hike announcements, & capital deployment items)
- This report’s other relevant items include more news of advanced recycling of plastic waste collaborations, a discussion of the spike upwards in US spot ethylene values and declines in US spot propylene, and a few thoughts on the positive US & China manufacturer data postings despite input cost inflation.
See PDF below for all charts, tables and diagrams