Daily Chemical Reactions

Slow Dance In A Parking Lot – Asia Supply Improves, Import Limitations Help Support US Premiums
June 8, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Benzene, MMA, EO, Carbon Dioxide, Hydrogen, Methanol, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Air Liquide, Arkema, Dow, LyondellBasell, PPG, Tikkurila, BASF, DSM, Indian Oil, LG Chem, Mitsubishi Gas, Natureworks, Petrobras, Vertellus, Indorama Ventures, Sinopec, Trinseo, Olin, Siam Cement, Sibur, Asahi Kasei, Maersk, Kolon Industries, Johnson Matthey, AkzoNobel, Albemarle, Alpek

Daily Chemical Reaction

Slow Dance In A Parking Lot – Asia Supply Improves, Import Limitations Help Support US Premiums

Key Points:

  • US premium ethylene derivative prices relative to Asia are our focus today. We flag several items that question the longevity of relative US price support.  
  • We highlight Air Liquide, Arkema, & Petrobras strategic update news, flag multiple price initiatives, and discuss global production update items.  
  • USGC spot ethylene holds up following a reset lower, while both spot US PGP and benzene reflect downward pressure amid increased availability.
  • We discuss an increased push to broaden climate-friendly initiatives from traditional channels and flag several global sustainability initiative updates.
  • The Freightos China-to-US freight rate index rises WoW and the Baltic Exchange Freight Rate Index remains at the high-end of the five-year range.
  • We note numerous other pertinent chemical sector items in this report.  

See PDF below for all charts, tables and diagrams

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