Daily Chemical Reaction
Slow Ride – US Demand Stays Robust, Global Supply Response Limited So Far; ESG Outlooks Abound
Key Points:
- Multiple US retailer reports showcase considerable chemical end-market demand strength. We flag HDPE as an example product benefiting from tight domestic downstream conditions that appear set to face mounting headwinds.
- We highlight Daicel, Hanwha Chemical, Westlake, Kuraray, Kaneka, Indorama Ventures, Covestro, & Idemitsu business & production updates.
- USGC spot ethylene and US spot benzene reflect weakness WoW, while USGC spot polymer-grade propylene reflects greater relative support.
- We discuss the IEA proposed path to zero emissions by 2050, comment on single-use plastics news, and flag multiple carbon producer offset initiatives.
- The Freightos China-to-US freight rate index surges higher (again) WoW.
- We note numerous other pertinent chemical sector items in this report.
See PDF below for all charts, tables and diagrams