Daily Chemical Reactions

The Distance – Rubber Values Race Ahead, Inputs Values Lag; ESG & Production Indicators Advance
February 5, 2021
Commodities Mentioned:
Butadiene, Styrene, Rubber, Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Hydrogen, Carbon Dioxide, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Trinseo, Michelin, Kraton, Invista, ARLANXEO, Goodyear, E3 Metals Corp., Air Liquide, BASF, Arakawa Chemical, Asahi Glass, Avantor, Clariant, Chevron Lummus Global (CLG), Covestro, Henkel, Linde, Kureha, Lotte Chemical, McDermott, Nampak Plastics, NewMarket, Nissan Chemical, Polytek, PPG, Sika, Univar

Daily Chemical Reaction

The Distance – Rubber Values Race Ahead, Inputs Values Lag; ESG & Production Indicators Advance

Key Points:

  • Asia spot butadiene (BD) reflects notable price weakness despite derivative product values reflecting upward momentum. Today, we discuss the Asia spot BD market relative to peer monomers and trends worth considering in 2021.     
  • We flag relevant corporate items (e.g., Arakawa Chemical, Avantor, Lotte Chemical, NewMarket, & Nissan Chemical updates; Covestro, Air Liquide, PPG, E3 Metals, Henkel & Clariant strategy moves; several facility updates)  
  • Other relevant items in this global report include recent petrochemical cost curve indicators, comments on recent US propylene spot strength WoW, an estimation of Gray, Blue, and Green hydrogen production costs, and a few thoughts on record setting Long Beach, CA container traffic statistics.

See PDF below for all charts, tables and diagrams

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