Cake By The Ocean – Asia Container Shipping Rates To US Surge, Sector 4Q Results Tasty (As Expected)

Daily Chemical Reaction

Cake By The Ocean – Asia Container Shipping Rates To US Surge, Sector 4Q Results Tasty (As Expected)  

Key Points:

• We find 4Q20 result postings and outlook comments broadly constructive, as we expected. We discuss these reports in the context of various supply & demand indicator trends that show evident global supply chain imbalances.      
• We highlight multiple relevant corporate items (e.g., 3M, Crane, Hexcel, H.B. Fuller, Reliance, IFF, Freeport McMoRan & American Express 4Q20 results; LyondellBasell, Sinopec, Formosa, Ineos & Lynas capacity updates)  
• Other relevant items within this report include the 2H20 surge in container shipping rates from China to the US; cheaper lending efforts to eco-friendly companies; and Asia & NW Europe petrochemical 1Q21 production upticks.

See PDF below for all charts, tables and diagrams