Take It To The Limit – US PE Contracts Amid Tight Conditions, Several Indicators Suggest Peak Levels

Daily Chemical Reaction

Take It To The Limit – US PE Contracts Amid Tight Conditions, Several Indicators Suggest Peak Levels

Key Points:

• We discuss the latest US polyethylene (PE) contract increase despite a drop in contract ethylene. Though PE market conditions remain tight, we discuss several indicators suggesting US contract PE prices are close to a 2021 peak.   
• We highlight pertinent chemical sector corporate updates (e.g., Petrobras, ExxonMobil, Johnson Matthey, BASF, Croda & Shell business news).  
• Demand indicators remain robust, and US chemical rail traffic rises WoW.
• This report also highlights recent plans for a CO2 pipeline in the Midwest US, multiple sustainability innovation targets, & recent copper value trends.

See PDF below for all charts, tables and diagrams