Daily Chemical Reactions

Counting Stars – Commodity Chemical Price Hike Initiatives Continue, Despite Higher Production
July 8, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Propylene, Ethylene, Benzene, Acetic Acid, VAM, Glycols, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Axalta, Nouryon, OMV, POSCO chemical, Repsol, Shell, Showa Denko, Toyo Ink, SK Innovation, Umicore, Worley, BP, Aramco, Reliance, Indorama, Dow, ExxonMobil, Lotte Chemical, Nan Ya Plastics, GS Caltex, Kaneka, Home Depot, Lowe’s, Marubeni, Navigator, Knight-Swift, WD-40

Daily Chemical Reaction

Counting Stars – Commodity Chemical Price Hike Initiatives Continue, Despite Higher Production

Key Points:

  • Global chemical production has improved, but regional logistical issues continue to favor supply imbalances and US polymer price premium support relative to Asia. This report discusses the general market setting.   
  • We highlight pertinent chemical sector corporate updates (e.g., Axalta, OMV, Repsol, Shell, Posco Chemical, Worley & other price & business news).  
  • Sector demand indicators broadly remain robust, but we flag the WD-40 profit report and other indicators questioning the pace of momentum.
  • We find numerous ESG announcements worth mention, ranging from EIA research targeting CO2 emissions to multiple carbon capture proposals.
  • Along with publishing our latest ESG weekly, we launch a multi-client initiative on carbon abatement in conjunction with the Power Research Group.
  • We note numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams

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