Daily Chemical Reaction
East Bound & Down – Asia PVC Spot Prices Tap The Brakes, Chemical Production Accelerates
- 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.
See PDF below for all charts, tables and diagrams