Daily Chemical Reactions

Skewed Moods In Solitude, Pt. 2 – 4Q20 Updates Show A Strengthening Of Many 3Q Sector Trends
December 17, 2020
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Mixed Xylenes, Methanol, Hydrogen, Crude/Naphtha, Natural Gas/NGLs
Companies Mentioned:
Westlake, Dow, Huntsman, Lowe’s, Air Liquide, Lanxess, Emerald Kalama Chemical, AOC, BASF, Braskem, Cargill, Axens, Ineos, Koppers, Kraiburg TPE, Lanxess, MEGlobal, Nestle Waters, Sibur, LyondellBasell, Formosa, Sasol, SABIC, Nova Chemicals, ExxonMobil, BMW, Shell, Benjamin Moore, Toyota

Daily Chemical Reaction


Skewed Moods In Solitude, Pt. 2 – 4Q20 Updates Show A Strengthening Of Many 3Q Sector Trends    


Key Points:

  • We find continued strength in building products and packaging demand supporting price increases in related commodity chemical products. We flag a few relevant products and beneficiaries of per-unit margin improvement.
  • We highlight multiple corporate items (e.g., BASF, MEGlobal, AOC, Dow & Lanxess price hikes; Braskem & Ineos strategic moves; Potential Lanxess interest in Emerald Kalama Chemical; Sipchem facility shutdown).
  • This report highlights numerous other relevant items. These range from the downtick in US refinery utilization rates WoW, to our view of US LDPE spot values relative to Asia and the latest US contracts, to US Chemical rail traffic moving lower but posting a five-year high for the current time of year.

See PDF below for all charts, tables and diagrams

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