Daily Chemical Reactions

Gobbling Until The Wobbling – Chemical Sector To Boost Stuffing, Margins Poised For Plucking    
November 25, 2020
Commodities Mentioned:
Plastics (PP, PE, PET, PVC), Crude Oil/Naphtha, Natural Gas/NGLs, Methanol, MEG, EDC, Lithium, Colloidal Silica, Hydrogen
Companies Mentioned:
Avient, Lanxess, DuPont, Celanese, Methanex, LyondellBasell, Westlake, Altium Packaging, AquaChemie. BTB PET Recycling, Clariant, Elementis, Minerals Tech, Foster Partners, Gerresheimer, Henkel, Hyundai, Ineos, Indorama, Sabic, Shell, Sinopec, SQM, PipeChina, Lummus, Siemens, Audi, Snam, Nouryon

Daily Chemical Reaction

 

Gobbling Until The Wobbling – Chemical Sector To Boost Stuffing, Margins Poised For Plucking    

   

Key Points:

  • In this report, we discuss the 2H20 advance in global chemical sector per-unit margins and the “leftovers are for quitters” view gaining momentum in some product chains into a year-end – 1H21 could see many trend reversals.
  • We discuss numerous corporate news/update items (e.g. potential Sabic specialty business IPO; Elementis rejects take-over bid; Indorama, SQM, Clariant & Sinopec updates; multiple supply-chain announcements, etc.).
  • Other sector items worth note range from the latest US propylene contract settlement, to strength in the ACC Chemical Activity Barometer (CAB), to the upward trend in Brent crude oil values relative to US natural gas.

See PDF below for all charts 

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