Daily Chemical Reaction
Danger Zone – Supply Chain & Input Price Turbulence Slows US Manufacturers, Demand On A Downward Flight Path
- U.S. industrial production growth slowed in May due to a decline in manufacturer output, supporting our near-term chemical sector concerns amid mounting evidence that domestic producers have broadly seen profitability decline amid higher costs in 2Q22.
- We highlight pertinent energy, chemical, and other corporate updates (e.g., Shell, Dow, Kumho Petrochemical, Sherwin-Williams, B.P., Freeport LNG, and others).
- We discuss ESG items ranging from commentary on the global hydrogen market and BP’s ambitions to recent E-cracker progress from Dow and Shell. We also flag our latest ESG weekly titled, Environmental “Affirmative Action” Could Cause More Problems.
- We discuss numerous other pertinent chemical sector items in this report.
See PDF below for all charts, tables and diagrams