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

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