Daily Chemical Reactions

Slippin’ – US Propylene Contract Prices Weaken Again MoM; Dow Cuts 4Q Sell-Side Profit Views
December 2, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Propylene, Carbon Dioxide, Hydrogen, Lithium, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, BASF, Chevron, TC Energy, Arkema, Cabot, Boyd, Bridgestone, SQM, Albemarle, Ecolab, GCP Applied Tech, Saint-Gobain, LyondellBasell, Braskem, Pinnacle Polymers, Enterprise Products, Flint Hills, PPG, Raven, GM, Sibur, Solvay, Symrise, ExxonMobil, Iberdrola, H2 Green Steel, JERA, Cummins, BP, Blackstone, IFF, Shell, Dollar General

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

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