Daily Chemical Reaction
- Asia spot ethylene values reflect a multi-year low relative to USGC levels, despite strength in both markets relative to three months ago. This report comments on relevant trends facing producers and end consumers in 2Q21.
- We highlight pertinent chemical sector corporate items (e.g. Hexcel & Sika business updates; Air Products, Formosa, & Total production news; Multiple price hike announcements, Capex initiative items & ESG action views)
- This report’s other relevant items include broad-based issues with sourcing plastic that is even rattling Gnome production, views on global CO2 emission trends, and the still elevated Freightos China-to-US freight rate index.
See PDF below for all charts, tables and diagrams