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