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