Daily Chemical Reactions

Blinded By The Light – US HDPE Premium Rises Relative To Asia; Several ESG Items Take Flight
January 19, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, SBR, BR, Methanol, VAM, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
AkzoNobel, PPG, LyondellBasell, Arkema, Avient, BASF, Celanese, CPC, Haldor Topsoe, Huntsman, Ineos, ExxonMobil, Lotte Chemical, Misubishi Corp., Nippon Paint, OQ Chemicals, Sabic, Sinopec, Tronox, WR Grace, Avery Dennison, Kraft, Occidental, Sumitomo Chemical, Total, Repsol, Versalis, Borealis

Daily Chemical Reaction

Blinded By The Light – US HDPE Premium Rises Relative To Asia; Several ESG Items Take Flight

   

Key Points:

  • Asia High-Density Polyethylene (HDPE) hit a five-year low relative to US spot levels last week. We discuss Asia HDPE values relative US ethane values and other factors that suggest a regional price rebalancing ahead in 2021.      
  • We highlight multiple corporate items (e.g., BASF, AkzoNobel, Arkema, Avient, PPG, Lenzing, Sabic & CPC Corp. strategic initiatives; Celanese & OQ Chemicals price hikes; WR Grace & Mitsubishi Chemical updates)  
  • Other relevant items within this report include the recent uptick in Brent Crude relative to US Natural gas; mounting Oil & Gas producer initiatives to go green; and shipping issues remaining a hindrance to product movements.  

See PDF below for all charts, tables and diagrams

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