(Love Is Like a) Heat Wave – US Petrochemical Profit Trends Broadly Elevated, PVC In Focus

Daily Chemical Reaction

(Love Is Like a) Heat Wave – US Petrochemical Profit Trends Broadly Elevated, PVC In Focus

Key Points:

• Global polymer price strength YTD has been broad-based, with US supply issues leading the charge. This report discusses this development and focuses on PVC trends supporting US producer profit in 1Q likely to carry into 2Q.
• We flag pertinent chemical sector corporate items (e.g., Formosa, BASF, OQ Chemicals, & AOC price hikes; Multiple global production updates & capital deployment items; Numerous ESG geared updates).  
• This report’s other relevant items include items discussing US plastic waste handling & the rising attention toward corporate’s “greenwashing” metrics, the significant input sourcing issues facing some global chemical end-product producers, and further evidence of broad-based product price inflation YTD.

See PDF below for all charts, tables and diagrams