Daily Chemical Reactions

Against The Wind – China Chemical Producers Face Oversupply, Margin Pressure; A Quick Fix Is Unlikely
March 29, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, Aramco, BASF, Borealis, Clariant, Sinopec, OQ Chemicals, Piedmont, Westlake, CP Chemical, OxyChem, Enterprise Products, LyondellBasell, Olin, Nova Chemicals, Sabic, Berry Plastics, Tellurian, Eni, Huntsman, Toyobo, Mitsubishi Chemical, Talos, Neometals, Qixiang Tengda Chemical, ArcelorMittal, Britishvolt, BP, Marubeni Corp., Maersk, Eastman Chemical, Sibur, MOL, Posco Chemical, Sumitomo Metal, Rio Tinto, Covestro, Eramet, Global Bioenergies, Shell, Versalis, Solenis, Indorama

Daily Chemical Reaction

Against The Wind – China Chemical Producers Face Oversupply, Margin Pressure; A Quick Fix Is Unlikely

Key Points:

  • During the next three years, petrochemical capacity additions expected to start up in China will exceed those in Western markets. High feedstock costs and global logistic challenges may delay some additions, shutter old capacity. 
  • We flag pertinent energy, chemical, and other corporate updates (e.g., BP, Aramco, Piedmont, BASF, Dow, Borealis, Clariant, Sinopec, OQ, others).
  • We discuss relevant ESG items that range a view on nuclear energy use to produce hydrogen to several sector GHG emission reduction target updates.
  • We discuss numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams

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