Daily Chemical Reactions

Addicted To Love – Chemical Producer Views Stay Broadly Optimistic; 2Q Auto Disruptions Flagged
April 29, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PS, PET, etc.), Isocyanates, Propylene, Ethylene, Bromine, SBR, Carbon Dioxide, Hydrogen, Methanol, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, Ashland, BASF, Borealis, Berry Plastics, Clariant, Hexpol, Kraton, Lonza, Lotte Chemical, Aramco, Methanex, Mitsubishi Chemical, Orbia, PQ Group, SABIC, Shell, Siam Cement, Sipchem, SK Innovation, OCI, Total, Trinseo, Songwon, Shintech, Brenntag, Ford

Daily Chemical Reaction

Addicted To Love – Chemical Producer Views Stay Broadly Optimistic; 2Q Auto Disruptions Flagged

Key Points:

  • March-quarter chemical profits broadly exceed Street expectations and the guidance offered in early 2021. Full-year profit outlooks are also on the rise.
  • We highlight pertinent chemical sector corporate updates (e.g., Ashland, BASF, Clariant, Hexpol, Kraton, Methanex, Orbia, PQ Group, SABIC, Shell, Sinopec, OCI, & Total profit postings; multiple global sector Capex updates)  
  • We preview LyondellBasell’s results tomorrow with some Dow compares
  • We flag inflating input costs for many chemical end-product producers across various raw materials beyond commodity chemicals.
  • We discuss Ford and Mini news of production issues due to semiconductor sourcing issues. Notable impacts expected in the June quarter.

See PDF below for all charts, tables and diagrams

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