Daily Chemical Reaction
- We flag sector product flow indicators that suggest a supply response to elevated US prices is in motion. Though an abrupt price drop in some chains is possible, we continue to expect a slow grind lower in most in the near-term.
- We highlight pertinent chemical sector corporate updates (e.g., Toray, Ganfeng Lithium, Indorama, ExxonMobil, PPG, & other business news).
- Demand indicators remain robust. US chemical rail traffic fell WoW, but US refinery operating rates rose & indicators suggest rising chemical supply.
- This report also flags DOE views for cutting the cost of hydrogen, multiple sustainability innovation targets, & traffic trends at two US West Coast ports.
See PDF below for all charts, tables and diagrams