Daily Chemical Reactions

You’ve Got A Friend – USGC Propylene Prices Fall, Friends Collectively Emerge To Curb Downside Risk
October 13, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Propylene, Ethylene, MEG, Lithium, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, BASF, LyondellBasell, Braskem, Eastman, Enterprise Products, Flint Hills, PPG, Axalta, Repsol, Petronas Chemicals, Avantor, Chevron, Reliance, Williams, EMS Group, Elkem, Centrica, Apache, Exelon, Etihad, Rio Tinto, Delta Air Lines, Tesla, ConocoPhillips, Shell, Chemours, Lanxess, bp, Origin Materials, Sharq, OCI

Daily Chemical Reaction

You’ve Got A Friend – USGC Propylene Prices Fall, Friends Collectively Emerge To Curb Downside Risk

Key Points:

  • US polymer-grade propylene values have fallen from 3Q21 highs to reach their lowest level since May 2021. We expected US spot PGP values to decline into 4Q but now flag a few emerging support items curbing downside risk.  
  • We flag pertinent chemical sector corporate updates (e.g., Avantor, BASF, Petronas Chemicals, Reliance, Lanxess, BP, OCI, Sharq & others).
  • We find relevant ESG items worth mentioning, ranging from EU carbon value movements to IEA energy targets discussed in our ESG report in LINK.
  • We note numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams

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