Daily Chemical Reactions

The Heat Is On – Commodity Chemical Markets Continue To Sizzle, Not Yet Fully Cooked
December 16, 2020
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Butadiene, Methanol, Hydrogen, Crude/Naphtha, Natural Gas/NGLs
Companies Mentioned:
Westlake, Shintech, Formosa, OxyChem, Olin, Asahi Songwon, Axens, Sumitomo Chemical, BASF, BP, Clariant, ExxonMobil, Lummus, Methanex, Mitsui Chemicals, Borealis, Odebrecht, Braskem, OQ, Eastman Chemical, Huntsman, Posco, Sinopec, Sibur, SABIC, Aramco, Sealed Air, Sipchem, Linde, Ultrapar

Daily Chemical Reaction

 

The Heat Is On – Commodity Chemical Markets Continue To Sizzle, Not Yet Fully Cooked

 

Key Points:

  • The commodity chemical market currently reflects significant strength into year-end 2020 and we foresee price support in early 1Q21. In this report, we discuss recent findings in MDI, methanol and PVC that are worth notice.
  • We highlight multiple corporate items (e.g., BASF MDI news & price hikes; SABIC, Posco, Mitsui Chemicals & BP strategic moves; Methanex & OQ price hikes; Odebrecht shopping its Braskem ownership stake)
  • This report highlights numerous other relevant items – these range from the North Sea as a storage reservoir for CO2, to recent capacity utilization shifts at US manufacturers & chemical producers; to Joro introducing an app that will estimate your carbon footprint from retail purchases as you spend.

See PDF below for all charts, tables and diagrams

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