Sweet Disposition – Global Commodity Markets Find Support, Long Term Business Outlooks Optimistic

Daily Chemical Reaction

Sweet Disposition – Global Commodity Markets Find Support, Long Term Business Outlooks Optimistic

Key Points:

• US commodity chemical industry profit concerns for 1H22 have lessened due to tighter spot market fundamentals and positive outlook comments in 4Q business updates. We discuss why long-term optimism is also set to rise.
• We highlight pertinent energy, chemical, and other corporate updates (e.g., Olin, LyondellBasell, Phillips 66, Celanese, Eastman, Chevron, & others).
• We note relevant ESG items, ranging from European CO2 values near all-time highs to reiterating our view of a molecular recycling project in France.
• We discuss numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams