Daily Chemical Reactions

Knock On Wood – Building Product Prices Begin To Fall From Historic Highs Amid Improved Supply
June 16, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Propylene, Ethylene, Amines, 2-EH, MMA, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Westlake Chemical, OxyChem, Formosa Plastics, Shintech, Dow, BASF, Covestro, Huntsman, PPG, AkzoNobel, Sherwin-Williams, Axalta, Nova Chemicals, Indorama, Axens, Grupa Azoty, SABIC, OQ Chemicals, Ineos Styrolution, Pembina, WR Grace, Stavrolen, PetroChina, Sinopec, Borealis, Best Buy, Ford, Hyundai

Daily Chemical Reaction

Knock On Wood – Building Product Prices Begin To Fall From Historic Highs Amid Improved Supply

Key Points:

  • Building & Construction raw material prices rose notably in 2H21. This report discusses the recent decline in price from historic highs for few key products amid improved supply, signaling 2Q21 will likely mark the peak.    
  •  This report flags the recent development in Crude prices relative to Natural gas and displays an estimated US Chlor-vinyl profit trend.
  • We highlight pertinent chemical sector corporate items (e.g., Huntsman, BASF, WR Grace, Pembina, Indorama, SABIC & other producer updates).
  • Carbon prices in Europe bounce higher WoW but remain below the mid-May peak – we highlight a few fundamental drivers of this market.  
  • We note numerous other pertinent chemical sector items in this report.  

See PDF below for all charts, tables and diagrams

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