Daily Chemical Reactions

Up On Cripple Creek – Indications of Rising Product Flows Mount, US Commodity Values Face Pressure
June 10, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Propylene, Ethylene, Benzene, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Indorama, Sherwin-Williams, PPG, Axalta, Celanese, DuPont, Lanxess, Huntsman, Air Products, Air Liquide, Linde, Ascend Performance Materials, Bharat Petroleum, Eastman, Evonik, Ganfeng Lithium, SIBUR, Toray, Trafigura, ExxonMobil, Covestro, Gail, CNOOC, Shenhua Ningxia, Sinopec, TC Energy, SABIC, Versalis, Borouge, Borealis

Daily Chemical Reaction

Up On Cripple Creek – Indications of Rising Product Flows Mount, US Commodity Values Face Pressure

Key Points:

  • 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

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