Slippin’ – US Propylene Contract Prices Weaken Again MoM; Dow Cuts 4Q Sell-Side Profit Views

Daily Chemical Reaction

Slippin’ – US Propylene Contract Prices Weaken Again MoM; Dow Cuts 4Q Sell-Side Profit Views

Key Points:

• US polymer-grade propylene prices reflect a downward trend WoW amid rising availability and lower input costs. We discuss sector profit trends and see the Dow 4Q update signaling sell-side sector profit views are too high.
• We flag pertinent chemical sector updates (e.g., Dow, BASF, Chevron, ExxonMobil, Cabot, Celanese, Arkema, Braskem, Saint-Gobain & others).
• We flag varied ESG items worth mentioning, ranging from US carbon pipeline news to clean-energy initiative updates. We also flag our ESG weekly titled, Chemical Recycling Works For The Greater Good, Who Pays For It?
• We note numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams