Daily Chemical Reactions

(Love Is Like a) Heat Wave – US Petrochemical Profit Trends Broadly Elevated, PVC In Focus
March 17, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Caustic Soda, Ethylene, EDC, Amines, Polyester, Lithium, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Westlake, OxyChem, Shintech, Formosa, Olin, Axalta, BASF, Dow, ExxonMobil, Inovyn, SABIC, Sinocompound, Sumitomo, Tata Chemicals, Tilt Renewables, Air Products, AOC, OQ Chemicals, Equipolymers, Air Canada, Nuveen, Swiss Re, Repsol, Chevron, Synfuels, Lennar, Nucor, Honda Global

Daily Chemical Reaction

(Love Is Like a) Heat Wave – US Petrochemical Profit Trends Broadly Elevated, PVC In Focus

Key Points:

  • Global polymer price strength YTD has been broad-based, with US supply issues leading the charge. This report discusses this development and focuses on PVC trends supporting US producer profit in 1Q likely to carry into 2Q.
  • We flag pertinent chemical sector corporate items (e.g., Formosa, BASF, OQ Chemicals, & AOC price hikes; Multiple global production updates & capital deployment items; Numerous ESG geared updates).  
  • This report’s other relevant items include items discussing US plastic waste handling & the rising attention toward corporate’s “greenwashing” metrics, the significant input sourcing issues facing some global chemical end-product producers, and further evidence of broad-based product price inflation YTD.

See PDF below for all charts, tables and diagrams

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