Daily Chemical Reaction
Prancing & Shadow Dancing – 4Q20 Sector Views Remain Cheerful, 1H21 Views Border On Wishful
- Chemical sector order books and price hike announcements reflect broad-based demand strength WoW – we focus on Asia today as a leading indicator of sector health and discuss a few key commodity and earnings report items.
- We discuss numerous corporate news/update items (e.g. Daicel, Formosa Plastics, Nippon Shokubai, Linde, Asahi Kasei and Trinseo business updates; Ascend, BASF and Trinseo price hikes; and multiple strategic reviews, etc.).
- Other sector items worth note range from the movement in ex-US naphtha values relative to USGC ethane, to a review of the HDPE market on a global scale, to Peloton cycling to higher sales but facing product shipment delays.
See PDF below for all charts