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

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