Daily Chemical Reactions

Into The Mystic – US Producers Push Prices, Supply Lags Demand (For Now), Green Tailwinds Stiffen
January 7, 2021
Commodities Mentioned:
Methanol, Polyols, Plastics (PVC, PP, PE, PS, PET, etc.), Styrene, Bitumen, MTBE, Crude Oil/Naphtha, Natural Gas/NGLs
Companies Mentioned:
COIM, Dow, BASF, Covestro, DSM, Domo, Epsilyte, Equate, Eurostar, Westlake, Formosa, Shintech, Global Water Res., LafargeHolcim, Landec Corp., Methanex, SCC, Natgasoline, LyondellBasell, Mitsui Chemical, Celanese, Nexe Innovations, Shell, Odfjell, RPM, Tilley Chemical, BP, VW, LGI Homes, Worthington Ind.

Daily Chemical Reaction

Into The Mystic – US Producers Push Prices, Supply Lags Demand (For Now), Green Tailwinds Stiffen      

Key Points:

  • Chemical sector news flow supports the case that 4Q20 profit trends are likely to broadly beat expectations and positive momentum carried into 1Q21. Per-unit earnings loosing sequential momentum in 1H21 is a rising concern. 
  • We highlight multiple corporate items (e.g., Epsilyte, COIM, & Westlake, price hikes; LafargeHolcim, Mitsui Chemicals, Nexe Solutions, SK Chemical & Tilley Chem strategic updates; Shell Deer Park outage; Landec 4Q results)  
  • Other relevant items include notes on the equity market euphoria that is helping to fund green energy growth, US naphtha exports to Asia hitting a five-year high, and the uptick in US chemical rail traffic to start the year.   

See PDF below for all charts, tables and diagrams

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