Daily Chemical Reactions

A Crude Situation – Recent Global Cost Curve Steepening Adds To Asia Polymer Price Support
November 24, 2020
Commodities Mentioned:
Methanol, Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Butadiene, MEG, ABS, PBT, PTA, Hydrogen, Crude/Naphtha , Natural Gas/NGLs
Companies Mentioned:
Methanex,ADNOC, Arkema, BASF , Braskem, Halder Topsoe, Carbios, Cepsa, Covestro, Eastman Chemical, Elementis, Formosa, Genomatica, Henkel, Iberdrola, Indorama, Invista, LG Chem, Neste, Sasol, Sinopec, Solvay, Symrise, Wacker, Cabot, Orion Eng. Carbons, Navios Maritime

Daily Chemical Reaction

 

A Crude Situation – Recent Global Cost Curve Steepening Adds To Asia Polymer Price Support

 

Key Points:

  • Polymer prices are broadly moving higher in Asia to start the week amid concern of rising crude-based production costs, some lingering supply chain constraints, and expectations for derivative demand improvement.
  • We note multiple relevant corporate items (e.g. Cabot & Cepsa business updates; Methanex, PTTGC & Sinopec price hike news; Covestro, Eastman, Elementis, Invista, Petronas, Sasol, Solvay & Wacker strategic moves, etc.)
  • Other items in this report range from our discussion of US chemical sector volume trends in October, to tight European olefins amid plant outages, to the continued flow of ESG geared sector press releases (see our perspectives work from yesterday discussing plastic recycling and paper alternatives in LINK).

See PDF below for all charts 

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