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