Daily Chemical Reactions

Rocking Around The Christmas Tree – US Chemical Contract Push Displays Gifts, Few Lumps Of Coal
December 24, 2020
Commodities Mentioned:
Polyvinyl Chloride (PVC), Caustic Soda, Methanol, Other Plastics (PP, PE, PS, PET, etc.), Ethylene, Propylene, PTA, Bitumens, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Westlake, Shintech, Formosa, OxyChem, Methanex, Celanese, LyondellBasell, Ascend, AkzoNobel, BASF, Henkel, Johnson Matthey, ThyssenKrupp, Lonza, Petrobras, Braskem, Petro Rabigh, Solvay, SQM, Sumitomo, West Coast Olefins, Nikola Motor, Airbus, Toyota, Eni, Canadian Pacific

Daily Chemical Reaction

Rocking Around The Christmas Tree – US Chemical Contract Push Displays Gifts, Few Lumps Of Coal

Key Points:

  • 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

Contact us to subscribe to our services and gain access to full content.