Daily Chemical Reactions

Pour Some Sugar On Me – US Commodity Chemical Equities Fail To Keep Up Despite 1H21 Profit Surge
June 18, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Propylene, Ethylene, Benzene, Paraxylene, Acetone, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, LyondellBasell, Bridgestone, Brookfield, Inter Pipeline, Distrupol, PPG, Aramco, Wacker Chemie, TotalEnergies, Motiva, Kemira, Sinochem, Nexeo Plastics, Ineos Styrolution, Petronas, Asahimas Chemicals, Haldor Topsoe, Hanwha, Drax, KBR, Mura Technology, Avient, Sumitomo, Sidel, Xcel Energy, Pembina, TC Energy, Sims, Shanghai Secco, BASF, Axalta

Daily Chemical Reaction

Pour Some Sugar On Me – US Commodity Chemical Equities Fail To Keep Up Despite 1H21 Profit Surge

Key Points:

  • US commodity chemical equities have underperformed peer subsectors and the broader market since the start of 2019. This report discusses the relative negative investor sentiment targeting the commodity sector.  
  • US spot butadiene values sit above the mid-point of the five-year range, and we flag several global market indicators worthy of notice in late 2Q21.
  • We flag pertinent chemical sector corporate items (e.g., Total, PPG, Saudi Aramco, & Kemira news; Several Capex & price nomination updates)  
  • Carbon market discussions advance and we flag more ESG sector items.
  • We flag multiple macro-economic factors worthy of note, ranging from the continued strength in the US used car values to global shipping challenges.

See PDF below for all charts, tables and diagrams

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