Daily Chemical Reactions

The Waiting Game – Chemical Buyers Face Higher Input Costs, Long For Commodity Supply Return
February 24, 2021
Commodities Mentioned:
Ethylene, Propylene, Plastics (PVC, PP, PE, PS, PET, etc.), Vinyl Acetate, MEG, Paraxylene, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Borealis, Braskem, Chemtrade Logistics, Exxaro, Tronox, Gevo, HCS Group, Koppers, Mitsubishi Chemical, OxyChem, Petrobras, SABIC, Siegried, Solvay, Synthomer, TPC Group, Venator, Westlake, ExxonMobil, Marathon Oil, Freeport LNG, MEGlobal, Mitsui Chemical, OQ Chemicals, Covestro, T.J. Maxx, Foxconn, Fisker, Dow

Daily Chemical Reaction

The Waiting Game – Chemical Buyers Face Higher Input Costs, Long For Commodity Supply Return

Key Points:

  • Commodity chemical values increase while US feedstock values fall due to storm-linked US production issues. Though US per-unit profit margins reflect multi-year highs on paper, low production rates limit returns for most.
  • We flag pertinent chemical sector corporate items (e.g., Koppers, Solvay, Oxychem, Siegfried, Chemtrade Logistics, & Venator profit postings; Dow, MEGlobal, Westlake, & Covestro facility updates; OQ Chemicals price hikes)
  • This report’s other relevant items include evaluating the recent surge in Ex-US naphtha relative to USGC ethane, several updates on global ESG initiatives, and comments on current foreign currency exchange trends.  

See PDF below for all charts, tables and diagrams

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