Daily Chemical Reactions

Call Him The Streak – US Polymer Premiums Rise Relative To Asia; Cost Curve Turns The Other Cheek
February 10, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Methanol, Acetic Acid, Vinyl Acetate, PVB, Olefins, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Arkema, Asahi Kasei, Celanese, Braskem, Daikin Chemical, Denka, Dow, LyondellBasell, DuPont, Idemitsu, Elkem, FMC, Honeywell, PKN Orlen, Kumho Petrochem, Kuraray, Mitsubishi Chem., OCI, PTT Global, Sumitomo Chem., Total, Univar, Henkel, Kemira, Albemarle, ICL, Lanxess, Westlake

Daily Chemical Reaction

Call Him The Streak – US Polymer Premiums Rise Relative To Asia; Cost Curve Turns The Other Cheek

Key Points:

  • US polymer prices surge relative to Asia WoW, and absolute price points are significantly higher YoY, lagging PMI and global cost curve strength. This report comments on the global price setting and the multitude of 2H20 factors that have created a market development unlikely to reverse quickly. 
  • We flag pertinent chemical sector corporate items (e.g., Kuraray, OCI, Kumho Petrochemical, Denka, Idemitsu Chemical, PKN Orlen & Total business updates; Multiple strategic & production facility updates)  
  • Other relevant items within this report include recent global petrochemical cost curve changes, PE and PP producer contract upticks targeted in the US in 1Q21, a flagging of numerous ESG updates, and US currency views.

See PDF below for all charts, tables and diagrams

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