Daily Chemical Reactions

Keeping The Lights On – Europe Nat. Gas Price Surge Supports Chemical Values; US Methanol Discussed
December 21, 2021
Commodities Mentioned:
Methanol, Plastics (PVC, PP, PE, PU, PC, PET, etc.), Ethylene, Lithium, Bitumen, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Methanex, SCC, Mitsui Chemicals, Celanese, LyondellBasell, Natgasoline, BASF, Hexion, Posco, Pilbara Minerals, Petronas Chemicals, YNCC, Dow, CP Chemical, ExxonMobil, Nova Chemicals, Westlake, OxyChem, Shintech, Formosa Plastics, KEM One, Ineos, Baker Hughes, FMC, Novozymes, Pemex, Perstorp, ProAmpac, OMV, Trinseo, Nike, Henkel

Daily Chemical Reaction

Keeping The Lights On – Europe Nat. Gas Price Surge Supports Chemical Values; US Methanol Discussed

Key Points:

  • European natural gas values have surged higher in 2H21, which has put upward pressure on downstream chemical prices in the region. We discuss this development and flag the US methanol market as an example beneficiary.
  • We flag pertinent chemical sector corporate updates (e.g., BASF, Hexion, Posco, Pilbara Minerals, Methanex, Petronas Chemicals, YNCC, & others).
  • We note relevant ESG items worth notice, ranging from EU CO2 price trends to increased costs likely to impede renewable project growth in 2022.
  • We discuss numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams

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