Daily Chemical Reactions

US Polymer Producers Push For Higher Contract Prices; A 2021 Price Peak Is Close
May 21, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Propylene, Ethylene, Butadiene, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Westlake, Dow, LyondellBasell, Occidental, Celanese, BASF, Sherwin-Williams, Berry Global, Axalta, DuPont, Henkel, Lummus, PI Industries, Nippon Kayaku, Omya, PPG, FedEx, Hanwha, Maire Tecnimont, Ford, Daimler, Lotte Chemical, Shell, Sinopec, SK Chemicals, Solvay, Braskem, Indian Oil, Hodogaya Chemical, Cosmo Energy, Ashland, Aceto

Daily Chemical Reaction

US Polymer Producers Push For Higher Contract Prices; A 2021 Price Peak Is Close

Key Points:

  • US polymer producers are fighting for higher monthly contract prices to close 2Q21. We highlight a few products likely to see the implementation of higher May contracts but also see it as possibly marking the 2021 price peak.
  • We note pertinent chemical sector corporate items (e.g., Nippon Kayaku, Occidental, & Henkel news; several Capex items & price hike notices)  
  • EU carbon prices rise from mid-week lows, and more ESG sector news.
  • We flag multiple macro-economic factors worthy of note, ranging from mounting news of US paint shortages to recent relative US dollar weakness.   

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