Crossroads – Positive Sector Profit Updates Persist; Timing & Risk Of Supply Responses In Question

Daily Chemical Reaction

Crossroads – Positive Sector Profit Updates Persist; Timing & Risk Of Supply Responses In Question

Key Points:

• Chemical intermediates and derivatives values are broadly trending higher amid optimistic demand views and still lean supply chains. This report flags a few spot trends and 4Q20 result takeaways that question profit durability.        
• We flag relevant corporate items (e.g., Alpek, Huntsman, Chemours, Gail, Nippon Soda, Tikkurila, Sumitomo Chemical & Sensient Technology business updates; Dow, Huntsman, Amsty & Total production & price news)  
• Other relevant items in this report include Huntsman commentary on the MDI market from its 4Q results alongside MDI price hike announcements, a few thoughts on Butadiene price trends relative to Ethylene, a display of the energy-transition alternatives to hydrogen, and high container freight rates.

See PDF below for all charts, tables and diagrams