Daily Chemical Reactions

Start Me Up – High Prices To Spur 2021 Production, As Long-Term ESG Efforts Accelerates Investment
February 26, 2021
Commodities Mentioned:
MDI, Methanol, MEG, Ethylene, Propylene, BPA, Plastics (PVC, PP, PE, PS, PET, etc.), Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
BASF, Wanhua, Dow, Covestro, Huntsman, Orbia, Westlake, Advanced Petrochemical, DuPont, Indorama, UOP, US Silica Holding, W.R. Grace, Albemarle, Plug Power, Yansab, Ineos, Hengli, ExxonMobil, Shell, Evonik, Borealis, Methanex, Huawei, Itochu, Air Liquide, Sealed Air

Daily Chemical Reaction

Start Me Up – High Prices To Spur 2021 Production, As Long-Term ESG Efforts Accelerates Investment

Key Points:

  • 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

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