Commodities Mentioned:
PVC, Polypropylene, Polyethylene, Polystyrene, PET, Ethylene, Propylene, MEG, Lithium, Carbon Dioxide, Hydrogen, Methanol, Natural Gas/NGLs, Crude/Naphtha, Isocyanates, Lumber, Bromine, Styrene, Acrylics, Silicones, ABS, Acetic Acid, VAM, Silver, Copper, Aluminum, LNG
Companies Mentioned:
Nova Chemical, CP Chemicals, Dow, LyondellBasell, ExxonMobil, Westlake, TPC Group, Shell, Air Products, AkzoNobel, Armacell, Orocobre, Galaxy, BASF, Petrobras, Coveris, DuPont, Hexcel, Johnson Matthey, LG Chemical, GM, K+S, Kurita, Posco, PPG, Sika, Sinochem, W.R. Grace, Yansab, Santos, MEGlobal, Total, Borealis, Sherwin-Williams, OxyChem, Shintech, Huntsman, Kumho Mitsui, Covestro, Alpek, Berry Global, Ineos, Innospec, Phillips 66, Unipol, LG Chem, Solvay, Middleby, A.P. Moller - Maersk, Amcor, Umicore, Inter Pipeline, Kraton, Lenzing, Saudi Kayan, Vopak, Vulcan Energy, Formosa Plastics, Kinder Morgan, Halliburton, PetroChina, NextEra Energy, Chevron, Toyota, Polynt, Petronas Chemicals, Acron, Whirlpool, US Steel, Celanese, Kuraray, Air Liquide, Aramco, ENOC, Lonza, Nacero, Petronas, Sensient, Yara, OMV, Schlumberger, Valero, Danimer Scientific, Palmolive, Garnier (L'Oreal), Indorama, Unilever, Tesla, Ford, Intel, LVMH, Igloo, Gulf Coast Sequestration, Colgate Palmolive, Blackrock
C-MACC Sunday Recap 63
Simply Irresistible: Controlling The Urge To Spend Will Be Agonizing for The Chemical Industry In 2021
- This report discusses relevant sector trends from the 1Q reporting season. So far, most have reported notably high profits and FCF, and issued expectations that the gravy train has built momentum – sequential improvements from 1Q are likely.
- There are very few companies with balance sheet issues, as cash flows had been robust pre-covid, but not as high as the first part of the last decade, which drove significant capital spending – now they are again – so what happens next?
- We predict that the relative winners 5 years from now will be those companies that show the best capital discipline now and through the balance of 2021 and instead of spending to get bigger, spend selectively to look better.
Last week we discussed 29 Chemicals and related products and 92 Companies.
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