Daily Chemical Reaction
Call Me The Breeze – Commodity Chemical Profits Gust Into Year-End, Global ESG Tailwinds Stiffen
- We think the ExxonMobil 4Q business update reflects support for several global commodity chemical profit trends that will blow well into 2021. We foresee more positive commodity producer updates ahead. Take notice.
- We highlight multiple corporate items (e.g., Aramco, SABIC, Danimer Scientific, Neste, ExxonMobil, RadiciGroup, SIBUR, Eni updates)
- Other relevant items highlighted in this report include USGC spot ethylene and propylene holding elevated levels relative to the 2020 avg. at year-end; varying global polymer price momentum into 2021; multiple ESG updates.
- We wish all C-MACC friends & family a Happy New Year!
See PDF below for all charts, tables and diagrams