Daily Chemical Reactions

It’s Only Rock ‘N’ Roll (But I Like It) – Chemical Market Indicators Mixed, Sentiment Broadly High
February 3, 2021
Commodities Mentioned:
Ethylene, Propylene, Plastics (PVC, PP, PE, PS, PET, etc.), Lithium, Bromine, Carbon Dioxide, MDI, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Albemarle, Brenntag, Chevron Lummus, Clariant, ConocoPhillips, Daicel, Entegris, Enterprise Products, ExxonMobil, Hengyi, SK Chemical, Kao, LG Chemical, Lotte Group, Marathon, Mitsubishi Chemical, Nippon Kayaku, Nippon Shokubai, Sherwin-Williams, Symrise, Tennant, Tosoh, W.R. Grace, BASF, Eneos, Epsilyte, Hanwha, Tesla

Daily Chemical Reaction

It’s Only Rock ‘N’ Roll (But I Like It) – Chemical Market Indicators Mixed, Sentiment Broadly High

Key Points:

  • US commodity chemical markets reflect significant per-unit profit strength YoY for producers. In this report, we highlight a few relevant developments to consider during a period where corporate statements reflect little caution.
  • We flag relevant corporate items (e.g., Albemarle, Daicel, Entegris, Kao, Enterprise Products, ExxonMobil, Mitsubishi Chemical & Nippon Shokubai updates; BASF & Epsilyte price hikes; Numerous production updates)  
  • Other relevant items within this report include the recent uptick in USGC ethane values that has outpaced US natural gas, the spot Asia ethylene value shift relative to US levels, and our view of US/Euro currency developments.

See PDF below for all charts, tables and diagrams

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