Daily Chemical Reactions

When My Ship Comes In – China Container Traffic, Currency Shifts & Global Production In Focus
December 30, 2020
Commodities Mentioned:
Plastics (PP, PE, PS, PVC, PET, etc.), Ethylene, Propylene, Benzene, Caustic Soda, Acetic Acid, Methanol, Lithium, Bitumen, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
SABIC, SIBUR, Sinopec, Enterprise Products, Hitachi, Ennis, Petrobras, Lotte Chmical, Sichuan Yahua Industrial Group, Tesla, Ennis, Eneos, LyondellBasell, Celanese, Hyundai, Huntington Foam, IG Petrochemical, LG Energy Solution, Mitsui Chemical, Natgasoline, Southern Chemical Corporation (SCC), Dow, ExxonMobil, CP Chemical

Daily Chemical Reaction

When My Ship Comes In – China Container Traffic, Currency Shifts & Global Production In Focus

 

Key Points:

  • The global petrochemical market generally reflects tighter conditions at the close of 2020 relative to early 4Q. This report discusses several factors suggesting incentives for a supply response are mounting on a global scale.
  • We flag multiple corporate items (e.g., LyondellBasell, Sichuan Yahua, Ennis, LG Energy Solutions, Hitachi, SABIC, SIBUR & SINOPEC strategic moves; Lotte Chemical & Eneos production updates)  
  • Other relevant items highlighted in this report include SABIC ambitions for growth; our views of petrochemical cost curve developments since 1Q19; a comparison of Asia ethylene to US ethylene and ethane values; global ESG initiatives broadening and gaining positive momentum into the close of 2020.

See PDF below for all charts, tables and diagrams

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