Daily Chemical Reactions

Reversion – Global Commodity Markets Show Some Initial Signs Of Rebalancing, A Long Road Ahead
April 7, 2021
Commodities Mentioned:
Benzene, Propylene, Ethylene, Plastics (PVC, PP, PE, PS, PET, etc.), Carbon Dioxide, Hydrogen, Methanol, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Shell, Borealis, Clariant, Dow, LyondellBasell, Westlake, ExxonMobil, Occidental, Nova Chemicals, Lotte Chemicals, Lanxess, Formosa, EMS, Croda, Reliance, ITOCHU, SK Innovation, Trinseo, BASF, Max Midstream, Petrobras, Eneos, Danimer Scientific, Brightmark, Toyota, Air Liquide, Plug Power, Baker Hughes, Phillips 66

Daily Chemical Reaction

Reversion – Global Commodity Markets Show Some Initial Signs Of Rebalancing, A Long Road Ahead

Key Points:

  • We follow our views from last week, noting strength in Europe commodity chemical markets and US premium values relative to Asia with a few quick examples of global relationships reforming and supply targeting high prices.  
  • We highlight pertinent chemical sector corporate items (e.g., Shell update; multiple price hike notices, production updates, & global sector Capex items).  
  • This report’s other relevant items include noting strength in US benzene values relative to Europe, the recent multi-year low in USGC spot propylene relative to USGC spot ethylene, the rise of ESG ETF money flows since late 2019, and Baltic Index rate support near the high end of the five-year range.

See PDF below for all charts, tables and diagrams

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