Daily Chemical Reaction
Stuck In The Middle With You – Trends Underlying US Trade Deficit Shrinkage Negative For Domestic Chemical Producers
- The U.S. trade deficit shrunk in May, as weaker domestic consumer demand curbed imports while rising energy demand helped boost US exports to record levels. US chemical producers were caught in the middle facing weaker demand and higher costs.
- We highlight pertinent energy, chemical, and other corporate updates (e.g., Shell, ICL, Celanese, Covestro, Advanced Petrochemical, OMV, Petrobras, Axens, & others).
- We discuss ESG items ranging from a view of US ethanol profit trends to the pace of growth in renewable diesel relative to biodiesel markets. We also highlight our latest ESG weekly titled, Energy Transition – The Lunatics Face-Off – Trouble Ahead.
- We discuss numerous other pertinent chemical sector items in this report.
See PDF below for all charts, tables and diagrams