Daily Chemical Reactions

Crossroads – Positive Sector Profit Updates Persist; Timing & Risk Of Supply Responses In Question
February 12, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Butadiene, MDI, Ethylene, Propylene, Bromine, Lithium, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Air Products, Alpek, Altech, Avantium, BASF, Hengli, Invista, Kraton, Huntsman, Dow, BASF, Covestro, Cornish Lithium, Berger Paints, Nippon Soda, Sensient Tech., Tikkurila, Yasho Industries, Shell, Sasol, Total, ExxonMobil, Petronet, Bloom Energy, AmSty, Tempur-Sealy, Peloton

Daily Chemical Reaction

Crossroads – Positive Sector Profit Updates Persist; Timing & Risk Of Supply Responses In Question

Key Points:

  • Chemical intermediates and derivatives values are broadly trending higher amid optimistic demand views and still lean supply chains. This report flags a few spot trends and 4Q20 result takeaways that question profit durability.        
  • We flag relevant corporate items (e.g., Alpek, Huntsman, Chemours, Gail, Nippon Soda, Tikkurila, Sumitomo Chemical & Sensient Technology business updates; Dow, Huntsman, Amsty & Total production & price news)  
  • Other relevant items in this report include Huntsman commentary on the MDI market from its 4Q results alongside MDI price hike announcements, a few thoughts on Butadiene price trends relative to Ethylene, a display of the energy-transition alternatives to hydrogen, and high container freight rates.

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