Daily Chemical Reactions

Slow Burn – Global Indicators Suggest Supply Issues Unlikely To Abruptly Reverse, Demand Strong
June 9, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Propylene, Ethylene, Butanediol, Silicon, Parxylene, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Enterprise Products, Flint Hills, Dow, LyondellBasell, Braskem, Sherwin-Williams, Eastman Chemical, Indian Oil, Air Products, BASF, ExxonMobil, CP Chemical, Pembina, Mammoet, Shell, Huntsman, Kureha, Formosa Plastics, OxyChem, Westlake, Sabic, Reliance, Tokuyama, Ningbo Fortune, PetroChina, Brightmark, Cargill, Tatneft

Daily Chemical Reaction

Slow Burn – Global Indicators Suggest Supply Issues Unlikely To Abruptly Reverse, Demand Strong 

Key Points:

  • 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

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