Daily Chemical Reactions

Stairway To Heaven – PVC Prices Walk Higher WoW, Sturdy Handrails Limit Risk Of Collapse
December 8, 2020
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Caustic Soda, Ethylene Di-Chloride (EDC), Ethylene, Propylene, Benzene, Butadiene, Bisphenol A, Plasticizers, Hydrogen, Crude/Naphtha, Natural Gas/NGLs
Companies Mentioned:
Westlake, OxyChem, Formosa, Shintech, Olin, Celanese, PPG, Axalta, Dow, CP Chemical, Enterprise Products, Arkema, Braskem, BASF, Daelim, Evonik, DIC, ExxonMobil, Huntsman, Lotte Chemical, LyondellBasell, Nestle, NuStar, PipeChina, Wanhua

Daily Chemical Reaction

 

Stairway To Heaven – PVC Prices Walk Higher WoW, Sturdy Handrails Limit Risk Of Collapse

Key Points:

  • We discuss recent US polyvinyl chloride (PVC) market trends that we view as positive for producer profit support in 4Q20 and frame our general views for 1H21 based on several peer material, production, and end market trends.
  • We highlight multiple relevant corporate items (e.g. Sinopec, Advanced Petrochemical, Yara, Sinochem & Daelim project announcements; multiple restarts & turnaround news items; several strategic announcements, etc.)
  • Other items in this report range from the recent strength in US monomer prices relative to polymer values, to a steeper global chemical production cost curve, to Chinese household debt surging through the pandemic.

See PDF below for all charts 

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