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