Fade Away – US Integrated Polymer Margins Shrink In 4Q21, Further Erosion Likely In 1H22

Daily Chemical Reaction

Fade Away – US Integrated Polymer Margins Shrink In 4Q21, Further Erosion Likely In 1H22

Key Points:

• US spot polymer prices weakened in 4Q21 and will likely decline further in 1H22, but integrated producer profit should stay above 2019 levels. We study this development along with a discussion of other significant industry issues.
• We flag pertinent chemical sector and other corporate updates (e.g., Shell, Rio Tinto, Mastercard, Versalis, ExxonMobil, Hanwha Solutions, & others).
• We note relevant ESG items worth notice, ranging from US wind turbine capacity additions to developments in renewable natural gas (RNG).
• We discuss numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams