Daily Chemical Reactions

Nightshift – Global Production Ramp Cuts Asia Profit, US Prices To Fall; Global New Growth Capex Limited
November 17, 2021
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Recycled Resin, Propylene, Ethylene, Lithium, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Sinopec, Danimer Scientific, LyondellBasell, ExxonMobil, CP Chemical, Nova Chemicals, Dow, Freeport LNG, Colonial Pipeline, Compass, Evonik, Grasim, Hexion, Kemira, Lion, Lonza, Neo Perf. Materials, Nufarm, PI, Westlake, OxyChem, Shintech, Olin, Formosa Plastics, Casper, Apple, Haldor Topsoe, Emirates, H2X Global, Morrisons, Thyssenkrupp, Tevva

Daily Chemical Reaction

Nightshift – Global Production Ramp Cuts Asia Profit, US Prices To Fall; Global New Growth Capex Limited

Key Points:

  • 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

Contact us to subscribe to our services and gain access to full content.