Daily Chemical Reaction
Crazy Train – Global Demand Chugs Faster Than Supply Responds, Asia Product Chases US Prices
Key Points:
- The global petrochemical market production train continues not to chug fast enough to keep up with demand. We discuss supply chain imbalances reflecting multi-year highs in some areas, such as ethylene & derivatives.
- We flag pertinent chemical sector corporate items (e.g., Evonik 4Q profit update; Enterprise Products Investor Day Thoughts; Multiple global facility updates, commodity price developments, & capital deployment outlooks)
- This report’s other relevant items include comments on lithium spot price strength; the further expansion of ESG initiatives on a global scale, including multiple updates on CCS; the strength in China-to-US container freight rates.
See PDF below for all charts, tables and diagrams