Daily Chemical Reactions

Space Wrangler – Commodity Chemical Profits Shine, Outlooks Reflect Mixed Expectations
January 28, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Methanol, Ethylene, Propylene, Isocyanates, Polyols, Lithium, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, LyondellBasell, Huntsman, Covestro, BASF, Hexion, Koppers, Methanex, Southern Chemical, Lotte Chemical, S-Oil, Stolt-Nielson, Valero, Tata Chemicals, Valero, Sherwin-Williams, PPG, AkzoNobel, Amsty, DuPont, ABC Tech, BTC Europe, ExxonMobil, Showa Denko, Repsol, Shell, Sibur, Reliance

Daily Chemical Reaction

Space Wrangler – Commodity Chemical Profits Shine, Outlooks Reflect Mixed Expectations 

Key Points:

  • We discuss multiple chemical sector earnings reports and our varied views on per-unit profit momentum in specialties relative to commodities. Global commodity chemical profit trends support a production response.     
  • We highlight relevant corporate items from the chemical industry (e.g., Dow, Methanex, Koppers, Lotte Chemical, S-Oil, Stolt-Nielson, Valero, Tata Chemicals & Sherwin-Williams quarterly results; Amsty & Hexion price hikes; multiple global strategic & facility updates)  
  • Other relevant items within this report include an exhibit showing US spot ethylene price support WoW, a display showing a WoW drop in US refinery operating rates alongside a discussion of gasoline inventories, a view of US chemical rail traffic trends, and several ESG items worth consideration.

See PDF below for all charts, tables and diagrams

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