Daily Chemical Reactions

Shang-a-Lang – 1H21 Results & Expectations Reflect Rockin’ & Rippin’, 2H To Unlikely See Fast Strippin’
April 23, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Methanol, Acetic Acid, VAM, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Celanese, LyondellBasell, Kuraray, Dow, ExxonMobil, Air Liquide, Air Products, Aramco, ENOC, Inter Pipeline, Lonza, Nacero, Petronas, Sensient, Yara, OMV, Schlumberger, Valero, BASF, Danimer Scientific, Palmolive, Garnier (L'Oreal), Indorama, Unilever, Tesla, Ford, Intel, LVMH, Igloo

Daily Chemical Reaction

Shang-a-Lang – 1H21 Results & Expectations Reflect Rockin’ & Rippin’, 2H To Unlikely See Fast Strippin’

Key Points:

  • 1Q21 Chemical sector profit reports and business updates display notable strength. This report adds to our views from earlier this week amid more data points, as we frame our case for an unlikely sharp 2H21 sector profit collapse.   
  • We highlight pertinent chemical sector corporate items (e.g., Air Liquide, Celanese, Petronas Chemicals, Sensient, & Yara business updates; Multiple price hike & supply-chain notices, Capex items, & ESG action initiatives)  
  • This report’s other relevant items include the WoW decline in USGC spot ethylene values relative to modest strength in propylene, the Dow circularity product push & 1Q21 US plastic scrap export trends, and numerous global reports showing strength in global manufacturing & lean supply chains.  

See PDF below for all charts, tables and diagrams

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