Daily Chemical Reactions

Truckin’ – Commodity Strength Is Not Done Yet; Inflation Concerns High; CCS Initiatives Advance
April 20, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, MEG, Lithium, Carbon Dioxide, Hydrogen, Methanol, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Air Products, AkzoNobel, Armacell, Orcobre, Galaxy, BASF, Petrobras, Coveris, DuPont, Hexcel, Johnson Matthey, LG Chemical, GM, K+S, Kurita, Posco, PPG, Sika, Sinochem, WR Grace, Dow, LyondellBasell, ExxonMobil, Yansab, Santos, MEGlobal, Total, Borealis

Daily Chemical Reaction

Truckin’ – Commodity Strength Is Not Done Yet; Inflation Concerns High; CCS Initiatives Advance

Key Points:

  • 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

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