Daily Chemical Reaction
- US commodity chemical markets still reflect broadly tight conditions. We revisit polymer-grade propylene (PGP) as an example monomer facing price degradation amid increased but questionably timed supply availability.
- We highlight pertinent chemical sector corporate items (e.g., Sherwin-Williams, Eastman, Indian Oil, Air Products, & other producer updates).
- Carbon prices in Europe move higher WoW toward recent record-highs – we highlight a few drivers of this market and other ESG sector trends.
- We highlight recent Visa data providing further evidence of US consumer spending strength alongside several other positive downstream reports.
See PDF below for all charts, tables and diagrams