Daily Chemical Reactions

Ticket To Ride – Capex Targeting US Vinyls Gains Steam, Positive Sector Demand Views Advance
January 27, 2021
Commodities Mentioned:
Methanol, Natural Gas/NGLs, Crude/Naphtha, Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Isocyanates, Polyols, Lithium, Hydrogen
Companies Mentioned:
Shin-Etsu, Formosa, Westlake, OxyChem, Indorama Ventures, LyondellBasell, MEGlobal, Lotte Chemical, Shell, Enterprise Products, TPC Group, Air Liquide, BASF, Covestro, DSM, Fluor, Grasim Industries, LG Chem, Sinopec, Reliance, Sibur, SK Advanced, Symrise, Yansab, Sumitomo Corp., Methanex, Southern Chemical, Total

Daily Chemical Reaction

Ticket To Ride – Capex Targeting US Vinyls Gains Steam, Positive Sector Demand Views Advance

Key Points:

  • We discuss several Asia 4Q20 profit postings and 2021 outlooks that we view as relevant for peers. We find demand views broadly optimistic and concerns mostly targeting lingering supply chain issues at a sector level.      
  • We highlight multiple relevant corporate items (e.g., LG Chem, Shin-Etsu, Yansab, JSR, Lonza & Indorama Ventures quarterly results; Methanex & BASF price hikes; multiple global strategic and facility updates)  
  • Other relevant items within this report include a chart of North American methanol contracts relative to spot levels, thoughts on USGC propane relative to ethane-based ethylene cracker cash costs, a framework for ESG investing and the Bioeconomy, and our views of the ACC Chemical Activity Barometer.

See PDF below for all charts, tables and diagrams

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