Daily Chemical Reactions

The Beat Goes On – Demand Strong & Supply Issues Linger To Close 2Q21; 3Q To Stay Far From Normal
June 29, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Benzene, ABS, Carbon Dioxide, Hydrogen, Methanol, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Air Liquide, AkzoNobel, Westlake, OxyChem, Olin, Shintech, Formosa Plastics, Bodal Chemicals, BASF, Reliance, H.B. Fuller, Messer, Tatneft, Teknor Apex, Verdant, Vinmar, Petrobras, Covestro, Eneos, Pemex, Petro Rabigh, Sinopec, Shell, Sibur, SABIC, BP, United Airlines, CosMar

Daily Chemical Reaction

The Beat Goes On – Demand Strong & Supply Issues Linger To Close 2Q21; 3Q To Stay Far From Normal

Key Points:

  • This report discusses American consumer demand strength and lingering global supply issues that favor US premium contract prices in 3Q21. We also highlight why we think cost inflation will remain a sector hot topic in 2H21.    
  • We highlight Air Liquide, AkzoNobel, H.B. Fuller, Formosa, & Reliance news, flag multiple price hike efforts, & note global production update items.  
  • US contract PVC and caustic values increase MoM in June, per industry reports. This report highlights our estimate of US Chlor-vinyl profit trends.  
  • We discuss an increased push to broaden climate-friendly initiatives from traditional channels and flag several circular economy initiative updates.
  • The Freightos China-to-US freight rate index and the Baltic Exchange Freight Rate Index increase WoW, and both indexes reflect multi-year highs.
  • We note numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams

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