Daily Chemical Reaction
Nightshift – Global Production Ramp Cuts Asia Profit, US Prices To Fall; Global New Growth Capex Limited
- Asia petrochemical producers are facing profit pressure in 4Q. We discuss this development before meeting with Sinopec today, highlighting its impact on US product prices and how this trend favors our global mega-cycle view.
- We discuss pertinent chemical sector updates (e.g., Sinopec, Evonik, IFF, Danimer Scientific, Lion, Lonza, Grasim, & others). A key theme with several of these reports is the business model shift toward more specialty products.
- We note relevant ESG items worth notice, ranging from updates across several chemical sub-sectors to IEA research on energy efficiency trends. We also highlight our weekly ESG thematic published later today in LINK.
- We discuss numerous other pertinent chemical sector items in this report.
See PDF below for all charts, tables and diagrams