Daily Chemical Reaction
- 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.
See PDF below for all charts, tables and diagrams