Daily Chemical Reactions

Freeze Frame – Drivers of US Commodity Polymer Premiums Reviewed, CCS Project Example Flagged
March 18, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Lithium, Ethylene, Propylene Oxide, Isocyanates, Lithium, BPA, Acrylonitrile, Polybutadiene Rubber (PBR), ABS, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, LyondellBasell, CP Chemical, Ineos, ExxonMobil, Berry Global, PPG, Westlake, Nova Chemicals, Braskem, PEMEX, Haldor Topsoe, Clariant, Solvay, BP, McCormick, ArcelorMittal, SABIC, Cemex, ADNOC, Toyota, Honda, VW, Hanwha Chemical

Daily Chemical Reaction

Freeze Frame – Drivers of US Commodity Polymer Premiums Reviewed, CCS Project Example Flagged

Key Points:

  • Asia polymer prices reflect upward support, which we view as well-known. This report puts the severity of sector disruptions linked to recent US storms into perspective as US polymer prices hit a five-year high relative to Asia.
  • We flag pertinent chemical sector corporate items (e.g., multiple global facility and production rate updates, commodity price hike announcements, & sector capital deployment outlooks, including new project announcements)  
  • This report’s other relevant items include comments on the Acorn CCS development in the UK and other ESG updates, the rebound in US refinery operating rates that should further rise in the near-term amid higher prices, and the continuation of automaker production cuts amid supply chain woes.

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