Rhythm of the Night – Regional Supply Dislocations Slow To Dissipate, Global Slow Grind In Motion

Daily Chemical Reaction

Rhythm of the Night – Regional Supply Dislocations Slow To Dissipate, Global Slow Grind In Motion

Key Points:

• US ethane demand saw its largest MoM decline on record in February 2021. This report comments on US chemical production issues in 1Q21 and trends in 2Q21 that are worth consideration when setting 2H21 expectations.
• We highlight pertinent chemical sector corporate updates (e.g., SQM, BASF, Stepan, WR Grace, Neste, Mitsui Chemicals, & OQ business news).  
• US refinery operating rates rise, but US chemical rail traffic falls WoW.
• This report discusses the UK carbon auction launch this week and frames a general view of US West Coast container traffic trends since 2018.

See PDF below for all charts, tables and diagrams