Daily Chemical Reaction
Your Love Keeps Lifting Me Higher – Commodity Chemical Values Strengthen, Few Lonely Teardrops
- Commodity chemical values reflect more positive momentum into year-end and profit spreads are notably wider YoY across multiple product chains – in this report, we discuss our findings and read-throughs to global producers.
- We highlight multiple relevant corporate items (e.g. Covestro 2020 profit guidance uptick; BASF, Dow & Motiva price hikes; Tianqi, Celanese, Solvay, & Mitsubishi Chemical strategic news; multiple operational updates, etc.)
- Other items in this report range from surging China acetic acid prices, to developments in the global petrochemical production cost curve, to strength in a few notable US monomer spot values that suggest contract upticks ahead.
See PDF below for all charts