Daily Chemical Reactions

Crazy Train – Global Demand Chugs Faster Than Supply Responds, Asia Product Chases US Prices
March 5, 2021
Commodities Mentioned:
Ethylene, Plastics (PVC, PP, PE, PS, PET, etc.), Propylene, Lithium, MEG, Acetone, Chlorine, Nylon, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
SABIC, LyondellBasell, Dow, Formosa, Borealis, ExxonMobil, Enterprise Products, Aramco, Hyundai, Evonik, Keliber, Lanxess, MBCC, Mesaieed Petchem, Mitsui, Oben Group, Oriental Energy, Primobius, TPC Group, UOP, Motiva, MEGlobal, Lotte Chemical, Trinseo, Chevron, Danimer Scientific, Total

Daily Chemical Reaction

Crazy Train – Global Demand Chugs Faster Than Supply Responds, Asia Product Chases US Prices

Key Points:

  • The global petrochemical market production train continues not to chug fast enough to keep up with demand. We discuss supply chain imbalances reflecting multi-year highs in some areas, such as ethylene & derivatives.
  • We flag pertinent chemical sector corporate items (e.g., Evonik 4Q profit update; Enterprise Products Investor Day Thoughts; Multiple global facility updates, commodity price developments, & capital deployment outlooks)  
  • This report’s other relevant items include comments on lithium spot price strength; the further expansion of ESG initiatives on a global scale, including multiple updates on CCS; the strength in China-to-US container freight rates.

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