Daily Chemical Reactions

Chasing After You – US Spot PGP Near 2H21 Peak; ESG Initiatives Broaden; Demand Indicators Strong
August 19, 2021
Commodities Mentioned:
Propylene, Ethylene, Polyols, Plastics (PVC, PP, PE, PS, PET, etc.), Lithium, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Enterprise Products, Dow, LyondellBasell, PPG, Braskem, Flint Hills, Eastman, Berkshire Hathaway, Axalta, Avantium, Grace, Gail, Palmer Holland, Olin, TOYO, Murphy Oil, Stepan, Mitsubishi Chemical, Asahi Kasei, Jiutai energy, Dairen Chemical, Gazprom, Angarsk, Ineos, Eneos, PTTGC, Reliance, Sinopec, Givaudan, Formosa

Daily Chemical Reaction

Chasing After You – US Spot PGP Near 2H21 Peak; ESG Initiatives Broaden; Demand Indicators Strong

Key Points:

  • US polymer-grade propylene (PGP) spot values have returned to Winter Storm Uri highs. We foresee a supply response ahead and discuss other indicators that suggest the current spot level is likely near the 2H21 peak.    
  • We highlight pertinent chemical sector corporate updates (e.g., Silgan, Dow, Grace, Sinopec, Formosa, Avantium, & other news).  
  • We highlight US refinery utilization, US chemical rail traffic, global freight rate, and other indicators suggesting far from normal supply chain health.
  • We flag several ESG items worth note, ranging from a recovered HDPE price strength to numerous carbon reduction initiative updates.   
  • Along with highlighting our latest ESG weekly, we flag our multi-client initiative on carbon abatement in conjunction with the Power Research Group.
  • We note numerous other relevant chemical sector items in this report.

See PDF below for all charts, tables and diagrams

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