Commodities Mentioned:
Ethylene, Propylene, PVC, Polypropylene, Polyethylene, Polystyrene, PET, Polyurethanes, Polyols, Aromatics, Hydrogen, Natural Gas, NGLs, Crude, Naphtha, Vinyl Acetate, MEG, Paraxylene, Carbon Dioxide, Coal, LNG, Graphene, Biofuels, Methanol, MDI, BPA
Companies Mentioned:
Dow, LyondellBasell, Enterprise, PPG, Axalta, Braskem, CP Chemical, ExxonMobil, Nova, Westlake, Shintech, Formosa, Oxy, Celanese, Covestro, Huntsman, Formosa Plastics, AdvanSix, Sasol, Sunsine, Orion Eng. Carbons, Petronas Chemicals, Versalis, Arkema, BASF, Chandra Asri, Spsilyte, Goodyear, Cooper Tire, Sumitomo Chem, Reliance, Snetor, Stamicarbon, Shell, Inter-Pipeline, Avient, Borealis, Chemtrade Logistics, Exxaro, Tronox, Gevo, HCS Group, Koppers, Mitsubishi Chem, Petrobras, SABIC, Siegried, Solvay, Synthomer, TPC Group, Venator, Marathon Oil, Freeport LNG, MEGlobal, Mitsui Chem, OQ, T.J. Maxx, Foxconn, Fisker, Total, Air Products, Linde, Air Liquide, Equinor, Tesla, Lucid, GM, VW, Coca-Cola, Aramco, Inter Pipeline, Element Solutions, Rayonier, MOL, Kraton, Univar, Indorama, Methanex, Southern Chem, Mitsui, Natgasoline, AmSty, Lion Elastomers, Denbury, Plug Power, Cheniere, Summit Carbon, Casper, Wanhua, Orbia, Advanced Petrochem, DuPont, Indorama, UOP, US Silica Holding, W.R. Grace, Albemarle, Yansab, Ineos, Hengli, Evonik, Huawei, Itochu, Sealed Air
C-MMACC Sunday Recap 55
I Can See Clearly Now: The (Misplaced) Optimism Of Success
- Given the lack of forward-looking information to the contrary, we see significant optimism in chemical company outlooks as 4Q 2020 earnings season comes to a close – near-term extreme demand and pricing strength is the driver.
- Immediate surroundings and near-term data tend to influence sector views, so the optimism is understandable – the risk is that consumer spending shifts toward travel from other goods & services as vaccines rise; signs are already there.
- There has been a step up in focus on recycling, partly due to high virgin plastic prices – the higher demand exposes the limited available recycled volumes of many polymers, despite rising volumes of plastic waste – no simple solution exists.
Last week we discussed 26 Chemical and related products and 101 Companies.
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