Daily Chemical Reaction
- 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