Daily Chemical Reactions

Suspicious Minds – 4Q Corporate Updates Remain Positive, Asia Production Hikes Hit Regional Values    
December 15, 2020
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Butadiene, Lithium, Acetic Acid, Methanol, Hydrogen, Crude/Naphtha, Natural Gas/NGLs
Companies Mentioned:
Air Liquide, AquaChemie, Avient, Beiersdorf, Borealis, Braskem, ExxonMobil, Husky, InterPipeline, Lanxess, LG Chemical, Mitsubishi Chemical, OQ, Pembina, Phillips 66, Chart Industries, PQ, Seqens, Trinseo, Arkema, Umicore, Enterprise Products, LyondellBasell, Celanese, INVISTA, Kraton, Sinopec, Formosa Plastics

Daily Chemical Reaction

 

Suspicious Minds – 4Q Corporate Updates Remain Positive, Asia Production Hikes Hit Regional Values    

 

Key Points:

  • Chemical producer 4Q profit guidance updates continue to emerge, citing better-than-expected demand. This report discusses these business updates and commodity spot price trends suggesting per-unit profit shifts in 1Q21.  
  • We highlight multiple corporate items (e.g., Avient & Umicore 4Q20 profit guidance upticks; Air Liquide, Chart Industries, Trinseo, Arkema, Phillips 66, Pembina & LG Chem strategic moves; Lanxess & OQ price hikes)
  • This report highlights numerous other relevant items – these range from the recent decline in Asia butadiene prices; to the demand-pull on naphtha from Asia ethylene cracker start-ups; to the use of clean-energy SPACs.

See PDF below for all charts, tables and diagrams

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