Daily Chemical Reaction
Rocking Around The Christmas Tree – US Chemical Contract Push Displays Gifts, Few Lumps Of Coal
- The commodity chemical market reflects positive momentum into year-end 2020, and we foresee price support well into 1Q21. In this report, we discuss recent contract nominations for PVC and methanol that are worth notice.
- We highlight multiple corporate items (e.g., BASF, Westlake, Formosa, Shintech, OxyChem, & Methanex price hike initiatives; Ascend, AkzoNobel, SQM, West Coast Olefins, & Canadian Pacific strategic moves; an assortment of new recycling & sustainability geared investment initiatives)
- Other relevant items highlighted in this report include a Sumitomo PDH, CO2 technology product update; the demand for butadiene competing with rising production; the decline in US refinery utilization rates WoW; news of ESG initiatives mounting across all parts of the global chemical sector.
- We wish all C-MACC friends & family a Happy Holiday season!
See PDF below for all charts, tables and diagrams