Daily Chemical Reactions

Soak Up The Sun – Commodity Prices Remain Elevated, Advanced Recycling Gains Momentum
March 2, 2021
Commodities Mentioned:
Ethylene, Propylene, Plastics (PVC, PP, PE, PS, PET, etc.), BDO, ABS, MEG, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
AkzoNobel, Amyris, Braskem Idesa, Composites One, Solvay, Covestro, Croda, DSM, Eurotecnica, ExxonMobil, FMC, Hempel, Milliken, Mitsui Chemicals, PQ Group, Rompetrol, Sabic, BP, Chemanol, Standard Lithium, Tecnicas Reunidas, Yansab, BASF, ARLANXEO, Bridgestone, Avista, CP Chemical, Dow, Braskem

Daily Chemical Reaction

Soak Up The Sun – Commodity Prices Remain Elevated, Advanced Recycling Gains Momentum

Key Points:

  • 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

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