Daily Chemical Reaction
Start Me Up – High Prices To Spur 2021 Production, As Long-Term ESG Efforts Accelerates Investment
- We find global petrochemical producers positioning to best capture the near-term increase in prices, while concurrently dedicating more capital to longer-term ESG efforts. This balancing act is trickier than most appreciate.
- We flag pertinent chemical sector corporate items (e.g., BASF, Indorama, Ineos, & Orbia profit postings; Wanhua MDI production update; Multiple facility updates, price hike announcements, & capital deployment items)
- This report’s other relevant items include ExxonMobil testing Advanced Recycling of Plastic Waste at its Baytown facilities, to the price movement in naphtha relative to a few up-and-downstream factors, to global dry-bulk shipping rates reflect a five-year high for the time of year per our research.
See PDF below for all charts, tables and diagrams