Daily Chemical Reactions

Time To Move On – US Commodity Prices React As Supply Returns, Positive Outlooks Spur Investment
March 4, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Lithium, EPS, ABS, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, LyondellBasell, Lanxess, LanzaTech, Albemarle, SQM, Milliken, Mitsubishi Heavy Industries, OMV, Borealis, UOP, ExxonMobil, PPG, Sherwin-Williams, Shin-Etsu, Shell, Epsilyte, Hyundai, Aramco, Petrobras, Uniper, Emerson, Berry Global, Nova Chemicals, Sterling Con., The Toro Company, Marathon, Braskem

Daily Chemical Reaction

Time To Move On – US Commodity Prices React As Supply Returns, Positive Outlooks Spur Investment

Key Points:

  • US polymer grade propylene values collapse from record highs as supply returns. We follow comments yesterday on US polypropylene to discuss the impact of a looser monomer market on US propylene chain derivative profit.
  • We flag pertinent chemical sector corporate items (e.g., SQM 4Q20 profit update; Dow MoU for Asia Specialties hub; Multiple global facility updates, commodity price hike announcements, & sector capital deployment outlooks)  
  • This report’s other relevant items include ExxonMobil’s comments on CCS technology from its recent investor day event; the rebound in US chemical rail traffic WoW that will likely show further improvement in March from recent storm-induced lows; the strength in China lithium carbonate prices.

See PDF below for all charts, tables and diagrams

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