Daily Chemical Reactions

Free Fallin’ – 1H Chemical Profit Fell Due To Higher Costs, Holes Develop In Some 2H Price Parachutes
June 30, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Huntsman, Borealis, Posco Chemical, LG Chem, LyondellBasell, Dow, Westlake, Formosa Plastics, ExxonMobil, C.P. Chemical, Freeport LNG, DuPont, Venator Materials, Endesa, Gazprom, JOGMEC, BP, OMV, PG&E, PJM, Shell, Williams, Whitecap Resources, SK Capital, Britishvolt, FMC, Kurita, Shenghong Petrochemical, Schneider National Carriers, Compass Minerals, Ford, INPEX, Mitsubishi, Petronas Chemical, Bed Bath and Beyond, General Mills

Daily Chemical Reaction

Free Fallin’ – 1H Chemical Profit Fell Due To Higher Costs, Holes Develop In Some 2H Price Parachutes

Key Points:

  • Spot ethylene cracker margins in the US and Asia both turned negative for parts of 2Q22, implying a reliance on derivative spreads to generate profit for integrated producers that faces considerable risk in 2H22 per our analysis.
  • We highlight pertinent energy, chemical, and other corporate updates (e.g., Huntsman, Borealis, Posco Chemical, LG Chem, LyondellBasell, & others).
  • We discuss ESG and clean-energy developments that range from thoughts on a potential tax on lithium in California to a general view of offshore wind developments. 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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