Daily Chemical Reactions

The Thrill Is Gone – Commodity Price Inflation Turns From Shock To Awe; ESG Effort Advances Expected
May 11, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Benzene, Isocyanates, Lithium, Carbon Dioxide, Hydrogen, Methanol, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Air Products, Altana, Pilbara, Brenntag, Ganfeng, Elkem, Harima Chemicals, Hempel, Indian Oil, Deepak Nitrite, Mitsui, Kao, LyondellBasell, Dow, Nippon Shokubai, PPG, Sadara, Satorp, Showa Denko, Sinochem, SK Chemicals, Mitsubishi Gas Chemical, Teijin, Toagosei, Tosoh, Trinseo

Daily Chemical Reaction

The Thrill Is Gone – Commodity Price Inflation Turns From Shock To Awe; ESG Effort Advances Expected

Key Points:

  • 1H21 commodity inflation relative to 2H20 is now a well-known market development. Today, we turn our sights to commodity chemical products that are now seeing initial signs of price weakness amid increased production.
  • We highlight Air Products, Brenntag, Nippon Shokubai, Tosoh, Showa Denko, Sadara, Satorp, Kao, and SK Chemicals business updates.  
  • USGC spot ethylene falls, while US polymer-grade propylene rises WoW.
  • CCS subsidies take a bold move higher. Solar input costs rose in 1Q21.
  • The Freightos China-to-US freight rate index remains at multi-year highs.
  • We note numerous other pertinent chemical sector items in this report.   

See PDF below for all charts, tables and diagrams

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