Daily Chemical Reactions

Isolation Renovation & Food Packaging – Stand-Out 3Q Demand Ascensions With Uncertain Dimensions
October 21, 2020
Commodities Mentioned:
Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Isocyanates, Polyols, MTBE, Bitumen, Hydrogen
Companies Mentioned:
AkzoNobel, PPG, Sherwin-Williams, Avery Dennison, WD-40, Stepan, AOC, BASF, CP Chem, Formosa, Huntsman, Indian Oil Corp., Kraton, LG Chem, Neste, Covestro, Unilever, Borealis, Nouryon, Reliance, Sanyo Chemical, Nippon Shokubai, Saudi Kayan, Tesla, Halliburton, BHP, Total, AmSty

Daily Chemical Reaction

 

Isolation Renovation & Food Packaging – Stand-Out 3Q Demand Ascensions With Uncertain Dimensions

Key Points:

  • Chemical sector 3Q20 results this week display notable strength in home improvement product demand and global food packaging demand – we see demand optimism continuing in 4Q but rising stamina concerns in 2021.    
  • We highlight two exhibits: a) US LDPE integrated margins relative to the five-year range – we discuss our concerns with profit margins despite better-than-expected demand; and b) AkzoNobel paints/coatings volume trends.
  • Other items worth mention range from corporate items (e.g. AkzoNobel, Silgan, Stepan, Avery Dennison, WD-40, LG Chem, Saudi Kayan results), to several price hike initiatives, to the ex-China push for rare earth materials.

See PDF below for all charts

Contact us to subscribe to our services and gain access to full content.