Daily Chemical Reactions

Runaway – US Ethane Price Strength Reflects Strong Demand, Hurts Domestic Cracker Profits
June 24, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Baystar, Freeport LNG, BASF, Westlake, Orbia, Olin, H.B. Fuller, Huntsman, SABIC, Shin-Tech, Formosa Plastics, Occidental, Dow, LyondellBasell, Methanex, Mitsui, Celanese, Southern Chemical, Natgasoline, Kumho Petrochemical, Venture Global, Stellantis, Qantas, EBN, Trex, Siemens Energy, Air Liquide, CarMax, Pakistan LNG, Pemex, Petrobras, Ineos, Borealis, Codelco, Gensource, OMV, Sipchem, Topsoe, Phillips 66

Daily Chemical Reaction

Runaway – US Ethane Price Strength Reflects Strong Demand, Hurts Domestic Cracker Profits

Key Points:

  • USGC natural gas spot values have decreased sharply relative to USGC ethane values near the end of 2Q22, a quarter that reflects lower QoQ profit for most commodity chemical producers ahead of a likely turbulent 2H22.
  • We highlight pertinent energy, chemical, and other corporate updates (e.g., Kumho Petrochemical, Venture Global, H.B. Fuller, Huntsman, & others).
  • We discuss ESG items that range from views on the ethanol market to a general comparison of the potential for solar and wind developments in a few major global regions. We also flag our ESG weekly research in LINK.
  • We discuss numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams

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