Daily Chemical Reactions

Fade Away – US Integrated Polymer Margins Shrink In 4Q21, Further Erosion Likely In 1H22
December 28, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Ethylene, Lithium, Orthoxylene, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, LyondellBasell, CP Chemical, ExxonMobil, SABIC, Baystar, Orbia, Shell, Pemex, Gazprom, Sisecam Chemicals, Vivify, Clariant, Croda, PTIC, Exide Industries, Hanwha Solutions, Versalis, Unipetrol, PKN Orlen, Cyclyx, Coca-Cola, Vale, BTS Biogas, Monolith, Uniper, Novatek, Rio Tinto, SK Innovation, Kolon Industries, Supreme Petrochem, Mastercard, UPS

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

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