Daily Chemical Reaction
Hey Porter – Some Chemical Supply Chain Tunnels Remain Dark, Global Lights Flickering Ahead
Key Points:
- Global commodity chemical per-unit margins support production upticks, but we find the supply response in some areas lagging demand. This report highlights a few 4Q results and downstream indicators supporting our case.
- We flag relevant corporate items (e.g., Air Products, Ashland, Borealis, OMV, Clorox, PI Industries, Shell, & Trinseo business updates; SES Price Hike; Braskem, Hexion, Eastman & several other facility updates)
- Other relevant items in this report include a US Braskem export terminal update, the uptick in global commodity chemical prices in January, the early 2021 increase in US HDPE spot prices relative to Asia, and the recent North America rail traffic and US manufacturing PMI data postings.
See PDF below for all charts, tables and diagrams
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