Daily Chemical Reactions | Sunday Thematic & Weekly Recap

Shut Up and Drive: Assuming You Can Find/Afford A Car
April 11, 2021
Commodities Mentioned:
Base Oil, Benzene, Bitumen, Butadiene, Butanediol, Carbon Dioxide, Crude Oil, Naphtha, Ethylene, Polyethylene, Hydrogen, Lithium, LNG, Methane, Methanol, Natural Gas, NGLs, Nylon-6, Paraxylene, PVC, Polypropylene, PET, Propylene, PTA
Companies Mentioned:
Advanced Petrochemical, Aemetis, Air Liquide, Airbus, Americhem, Arlanxeo, Azelis, Baker Hughes, BASF, Boeing, Borealis, Braskem, Bridgestone, Brightmark, Celanese, Clariant, CNOOC, Covestro, Croda, Cyclyx, Danimer Scientific, Dow, DSM, DuPont, Eastman Chemical, Ecopet, EMS Group, Enbridge, Eneos, Engie, Engro, Eni, Estēe Lauder, ExxonMobil, Ford, Formosa Plastics, GM, H.B. Fuller, Haldor Topsoe, Hempel, Honda, Hyundai, ICL, Incitec Pivot, Inter-Pipeline, ITOCHU, Johnson Matthey, Kinder Morgan, Kuraray, Lanxess, Linde, Lonza, Lotte Chemicals, Lummus, LyondellBasell, Max Midstream, Michelin, Mitsubishi Chemical, Mitsui Chemicals, Monolith Materials, MRi Polytech, Nestle, Newlight Technologies, Nova Chemicals, Novonor, Occidental, Pembina, Pertamina, Petrobras, Phillips 66, Pirelli, Plixxent, Plug Power, Polynt, Porsche, Reliance, Rio Tinto, RPM International, SABIC, Sadara, Schnitzer, Shell, Siggi’s, Sinopec, SK Innovation, Stolt, Symrise, Technip, TerraLithium, Tesla, Total, Toyota, TPC Group, Trinseo, Valero, Volvo, Westlake

C-MACC Sunday Recap 61

Shut Up and Drive: Assuming You Can Find/Afford A Car

  • This report discusses abnormally high US (& global) auto demand, elevating used car values to record highs, and the production constraints working to keep new car markets imbalanced. A net negative for chemicals, more levered to production. 
  • The dramatic volatility in US propylene prices recently shows the difficulties with balancing the supply and demand of a chemical mainly produced as a by-product. Current parity with ethylene will unlikely persist, with ethylene most likely to fall.
  • We also propose that a better model for plastics recycling is needed that considers technology and behavioral changes to increase the volume of reusable plastics – pyrolysis remains necessary but appears likely to shrink in importance.   

Last week we discussed 24 Chemical and related products and 98 Companies.

See PDF below for all charts, tables and diagrams

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