Daily Chemical Reactions

The Fast & The Furious – PPI Outpaces CPI Strength YTD; Profit Concerns Far From Hitting The Brakes
June 14, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
AkzoNobel, Navigator Holdings, LyondellBasell, INEOS, Borealis, ExxonMobil, Westlake, Dow, CP Chemical, Formosa Plastics, Braskem, Chesapeake Energy, Freeport LNG, Solvay, Sinopec, Matador, TotalEnergies, Qatar Energy, BD, Mitsubishi Chemicals, Elite, LG Chem, Andani, Bosch, Chevron, Tesla, Emerson, Helios Technologies, Microsoft, Sherwin-Williams, Volkswagen, Piedmont Airlines

Daily Chemical Reaction

The Fast & The Furious – PPI Outpaces CPI Strength YTD; Profit Concerns Far From Hitting The Brakes

Key Points:

  • Producer prices have grown more than consumer prices YTD, suggesting end-product price hikes or margin contraction lie ahead of many product chains. We remain concerned sector profit expectations for 2H22 are too high.
  • We highlight pertinent energy, chemical, and other corporate updates (e.g., AkzoNobel, Navigator Holdings, LyondellBasell, INEOS, Borealis, & others).
  • We discuss relevant ESG items that range from U.S. recycled resin prices outpacing avg. virgin resin values to C-MACC Head of Marketing, Esteban Pizzolo, joining the Carbon Capture Technology Expo in Houston this week.
  • We discuss numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams

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