Daily Chemical Reactions

Your Love Keeps Lifting Me Higher – Commodity Chemical Values Strengthen, Few Lonely Teardrops 
December 9, 2020
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Butadiene, Lithium, Isocyanates, Acetic Acid, Methanol, Hydrogen, Crude/Naphtha, Natural Gas/NGLs
Companies Mentioned:
Celanese, Covestro, Dow, BASF, Tosoh, Huntsman, Ineos, Braskem, Evonik, Haldor Topsoe, Kemira, Mitsubishi Chemical, LyondellBasell, Westlake, Shintech, OxyChem, Formosa, Nova Chemical, Motiva, Pinnacle, Shell, Solvay, Showa Denko, Tianqi, Albemarle, Kinder Morgan, Boeing

Daily Chemical Reaction

 

Your Love Keeps Lifting Me Higher – Commodity Chemical Values Strengthen, Few Lonely Teardrops 

 

Key Points:

  • 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 

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