Daily Chemical Reactions

East Bound & Down – Asia PVC Spot Prices Tap The Brakes, Chemical Production Accelerates
January 14, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), EDC, Caustic Soda, Calcium Carbide, Ethylene, MDI, Oxo-alcohols, Lithium, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Westlake, OxyChem, Formosa, Olina, Shintech, Asahi Kasei, Borealis, Tomra, Elementis, Enterprise Products, PepsiCo, Linde, OMV, Polycoat Products, ChemCo Systems, Polygiene, PPG, Solvay, Synthomer, Daimler Trucks, Unilever, Wanhua Chemical, Chesapeake Energy, Eneos, Nova Chemical, Covestro, OQ Chemicals

Daily Chemical Reaction

East Bound & Down – Asia PVC Spot Prices Tap The Brakes, Chemical Production Accelerates

Key Points:

  • Asia polyvinyl chloride (PVC) spot prices decline from five-year highs. This report discusses proof of supply responding to a favorable economic setting and why global PVC fundamentals are unlikely to collapse abruptly.      
  • We highlight multiple corporate items (e.g., Asahi Kasei, Borealis, Linde, OMV & PPG strategic initiatives; Wanhua, Covestro & Enterprise Products production updates; Elementis & OMV business updates)  
  • Other relevant items within this report include the WoW increase in US refinery utilization rates, the surge in US chemical rail traffic WoW, a rising level of announced plastic waste to chemical initiatives on a global scale, and surging new truck orders as a result of a rise in US trucking industry health.   

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