Daily Chemical Reactions

Superposition – US Chemical Product Flows Rise, Global Supply Imbalances Keep Prices Elevated
April 1, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Carbon Dioxide, Hydrogen, Methanol, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
W.R. Grace, Celanese, DSM, Equate, Evonik, ExxonMobil, Gunvor, Henkel, Inter-Pipeline, Mitsubishi, SABIC, Sinochem, ChemChina, Technip, Versalis, Bridgestone, Shell, Air Liquide, Plug Power, Chart Industries, Great Wall Motor, Volkswagen, Ametis, ConocoPhillips, Aramco, Stellantis, Orsted, LyondellBasell, Dow, Westlake

Daily Chemical Reaction

Superposition – US Chemical Product Flows Rise, Global Supply Imbalances Keep Prices Elevated

Key Points:

  • US chemical sector indicators offer evidence of improving production, but global supply chains remain far from normal, and increasing demand favors higher prices near-term in some chains. 2Q21 has started on a solid note.
  • We highlight pertinent chemical sector corporate items (e.g., Celanese & SABIC capacity news; Equate, ExxonMobil & Henkel updates; a Lifted 40-North bid for W.R. Grace; multiple other price updates & Capex notices)  
  • This report’s other relevant items include updates on state legislation supporting the build-out of advanced recycling capacity, price improvement in polyethylene to levels last seen in 2008 and premiums relative to avg. Asia and Europe price points on a combined basis, and notable trends in shipping.

See PDF below for all charts, tables and diagrams

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