Daily Chemical Reactions

Cake By The Ocean – Asia Container Shipping Rates To US Surge, Sector 4Q Results Tasty (As Expected)
January 26, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Methanol, Bromine, Butadiene, Lithium, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
3M, Hexcel, H.B. Fuller, Brenntag, Fujian Billion, Crane Co., Dow, DuPont, Chemours, Corteva, Grupa Azoty, Formosa, IFF, Lynas, Ineos, Nova Chemicals, LyondellBasell, Sinopec, OQ Chemicals, Petronas, Reliance, Solvay, Sumitomo, Kinder Morgan, bp - American Express, Shell, Freeport McMoRan

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.

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