Daily Chemical Reactions

Take It To The Limit – US PE Contracts Amid Tight Conditions, Several Indicators Suggest Peak Levels
June 3, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Propylene, Ethylene, Benzene, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, LyondellBasell, Nova Chemicals, Westlake, CP Chemical, ExxonMobil, Formosa, INEOS, Total Energies, BASF, Petrobras, Givaudan, IMCD, Johnson Matthey, Nexeo Plastics, Siegfried, Sumitomo Chemical, Enterprise Products, Senege, Lotte Chemical, SK Global Chemical, Suncor, Versalis, Volkswagen, Tesla, CATL, Evergreen, BMW, Croda, Azelis

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

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