本周标普500上涨1.2%，摩根大通化工、农业与包装板块紧随其后，大宗商品买家表现良好而卖家表现较差。个股方面，Valvoline领涨（+8.1%），Ecolab涨3.7%，Linde涨2.1%，Air Products跌0.9%；涂料股表现优异，PPG涨2.9%，Sherwin涨2.6%，Axalta与RPM均涨2.1%，Celanese宣布提价后涨3.7%。石化板块落后，Westlake跌2.0%，Dow跌2.5%，Lyondell跌6.2%；铝罐企业Crown跌1.0%、Ball跌5.5%。农业股回吐近期涨幅，Corteva跌2.5%，FMC跌5.1%，Mosaic跌6.0%，Nutrien跌6.3%，CF跌幅最大达10.2%。
The S&P climbed 1.2% and our Chemical, Agricultural, and Packaging Universe was just a step behind. Buyers of commodities fared well this week, and sellers of commodities fared worse. Valvoline was on top, up 8.1%, Ecolab added 3.7%, Linde 2.1%, while Air Products dipped (0.9%). Coatings companies had a good week: PPG was up 2.9%, Sherwin was 2.6% higher, while Axalta and RPM both ticked up 2.1%. Celanese lifted 3.7% after announcing price increases. Petrochemicals lagged: Westlake was down (2.0%), Dow (2.5%), and Lyondell (6.2%). The aluminum can companies both gave ground: Crown was (1.0%) lower while Ball fell (5.5%). Agriculture gave back its recent gains: Corteva was down (2.5%), FMC (5.1%), Mosaic (6.0%), Nutrien (6.3%), and CF was at the bottom of the pile, toppling (10.2%). The Brent month ahead price edged higher to $104.32/bbl from $103.87/bbl last week. The domestic natural gas prices rose w/w from $2.91/mmBTU to $3.20/mmBTU. The China lithium carbonate spot was flat to high