Patience – Corporate Outlooks Point To Lingering Supply Chain Issues; 2H21 To Stay Far From Normal

Daily Chemical Reaction

Patience – Corporate Outlooks Point To Lingering Supply Chain Issues; 2H21 To Stay Far From Normal

Key Points:

• This report discusses pertinent takeaways from recent chemical sector business updates, ranging from cost inflation trends to producer outlooks.    
• We highlight Axalta, RPM, Sherwin-Williams, Reliance, SABIC, Shin-Etsu, ExxonMobil, & Neste news, & discuss global production update items.  
• US contract propylene values take a step higher in July MoM based on spot support. We also flag US ethylene and benzene spot market trends.  
• We highlight several climate-friendly initiatives from traditional channels and corporate reports, such as Neste, Berkshire Hathaway & Home Depot.
• The Baltic Exchange Freight Rate Index reflects tight global conditions, and we find indications of many global supply chain issues persisting in 3Q21.
• We note numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams