Daily Chemical Reactions

Locomotive Breath – US Chemical Rail Traffic Gains Steam, Further Evidence Of Production Recovery
November 12, 2020
Commodities Mentioned:
Plastics (PP, PE, PVC), Isocyanates, Polyols, Lithium, Acetone, Phenol, Propylene, Crude Oil/Naphtha, Natural Gas/NGLs
Companies Mentioned:
Air Products, Asahi Kasie, Ashland, Avient, Bodal, Chemicals, Braskem, Covestro, Evonik, Gail, Galaxy Resources, Gevo, Idemitsu Chemicals, IMCD , Nocil, Ishihara Sangyo Kaisha, Momentive, Occidental, Petroineos, Repsol, Sadara, Sasol, Solvay, Sumitomo Bakelite, Total, Wanhua, BP, ADNOC

Daily Chemical Reaction

Locomotive Breath – US Chemical Rail Traffic Gains Steam, Further Evidence Of Production Recovery

Key Points:

  • US commodity chemical production is rising, and followers of our work will not view this with surprise. Today, we discuss several relevant industry statistics and updates that combine to suggest margin erosion ahead in 1Q21.
  • We discuss numerous corporate news/update items (e.g. Ashland, IMCD, & Air Products 3Q20 reports; Braskem, Covestro & Wanhua operational news; multiple industry capex and restructuring announcements, etc.).
  • Other sector items worth note range from recent China HDPE spot price trends, to the movement in ex-US naphtha and Asia ethylene values relative to USGC ethane, to rising vehicle output and sales MoM in China and India.

See PDF below for all charts 

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