Daily Chemical Reactions

Sailing – Shipper Turnbuckles Tighten, Product Flows Spread, & Cow Credits For Not Passing Gas
April 14, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Ethylene, Propylene, Isocyanates, Polyols, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Adnoc, OCI, Axens, Clariant, Compass Minerals, Covestro, Huntsman, Dow, BASF, Wanhua, DSM, ExxonMobil, Solvay, Givaudan, Inovyn, KBR, Maire Tecnimont, Colloids Plastic, Olin, Orbia, Samsung Eng., SABIC, Sasol, Air Liquide, SK Innovation, W.R. Grace, Aramco, Zhejiang Petrochemical, Shell

Daily Chemical Reaction

Sailing – Shipper Turnbuckles Tighten, Product Flows Spread, & Cow Credits For Not Passing Gas

Key Points:

  • This report comments on the differences in regional chemical production during the first two months of 2021 that generally support our view of global commodity market trends and a few notable variances between regions.     
  • We flag pertinent global chemical sector corporate items (e.g., Covestro profit guidance update; ExxonMobil, Clariant, Zhejiang Petrochemical, & Sasol facility news; Multiple industry items & sector ESG announcements).  
  • This report’s other items today include the US port of Long Beach posting record activity levels in March and the strengthening of international freight rates, the Covestro business update this week that we view positively for peer urethane & polyol producers, and the broad-based global initiatives to curb greenhouse gas emissions. We note cow methane emission cuts as an example.

See PDF below for all charts, tables and diagrams

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