Daily Chemical Reaction
Strike It Up – US Butadiene Rises Relative To Asia; Phillips 66 Gives 1Q Update; ESG Efforts Advance
- US Butadiene spot markets tightened since late 1Q amid production issues. This report highlights price trends relative to Asia and flags a few global production and end-market factors to impact these markets in 2Q/3Q21.
- We highlight pertinent chemical sector corporate items (e.g., Phillips 66, Incitec Pivot, Braskem, & Kuraray Production updates; Multiple supply agreements, Capex plans worth noting, & sector ESG announcements).
- This report’s other relevant items include the decline in US spot propylene values WoW, the China PDH producer reliance on imported LPG, a few key takeaways from a Green Hydrogen & Methanol industry webinar, and rising China-to-US container freight rates WoW to a five-year high on average.
See PDF below for all charts, tables and diagrams