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what we are talking about today

Daily Chemical Reaction

East Bound & Down – Asia PVC Spot Prices Tap The Brakes, Chemical Production Accelerates

Asia polyvinyl chloride (PVC) spot prices decline from five-year highs. This report discusses proof of supply responding to a favorable economic setting and why global PVC fundamentals are unlikely to collapse abruptly.
We highlight multiple corporate items (e.g., Asahi Kasei, Borealis, Linde, OMV & PPG strategic initiatives; Wanhua, Covestro & Enterprise Products production updates; Elementis & OMV business updates)
Other relevant items within this report include the WoW increase in US refinery utilization rates, the surge in US chemical rail traffic WoW, a rising level of announced plastic waste to chemical initiatives on a global scale, and surging new truck orders as a result of a rise in US trucking industry health.

Rock & Roll – Demand Indicators Remain In Focus As Global Supply Begins To Roll In

Asia commodity chemical trends reflect some stark differences relative to those seen in USGC markets. Today, we flag a few relevant commodity and derivative market findings and discuss potential sub-sector sentiment shifts.
We highlight multiple corporate items (e.g., Hanwha, Solvay, IPL Plastics, SABIC, Iquisa & Croda strategic initiatives; Dow & Trinseo price hikes; Borealis, Total Petrochemical & West Coast Olefins facility updates)
Other relevant items within this report include Asia petrochemical values relative to feedstock naphtha; refiners increasing their renewables investment in the net-zero race; China NEV vehicle sales remaining robust in late 2020

Don’t Stop ‘Til You Get Enough – Asia Chemical Market Indicators Dance To Rising Production

Asia spot butadiene (BD) reflects notable price weakness relative to peer monomers because of increased production and fewer derivative capacity additions. Today, we flag a few relevant spot market and derivative trends.
We highlight multiple corporate items (e.g., BASF, Celanese, Enel, Hexion, KCC, Lanxess, Momentive, Piedmont Lithium, & PPG strategic initiatives; DSM, Kuraray & Rohm price hikes; Kemira, Formosa & Sika updates)
Other relevant items within this report include US ethylene and polymer-grade propylene spot market strength WoW; renewables to grow faster than other US power generation sources; thoughts on recent US currency shifts.

what we are saying about tomorrow

C-MACC Scenarios & Persepctives 

Power To All Our Friends: But Not Enough To Go Around

The energy transition story not only depends on massive global investment in renewable power and some step changes in renewable power efficiencies, but also depends on some practical and logical decisions around what current hydrocarbon markets can be replaced by electric power and what need to be replaced by hydrogen or ammonia. Science and economics should be the drivers – not politics.
Several niche and well touted stocks have emerged/will emerge (see Daminer and Monolith headlines/comments) – we would still focus on renewable power companies and suppliers as there should be no break in demand for new investment for decades. Some of the niche and hyped stories will work – others will not.
2021 could be a year of ESG revolution rather than evolution – battle lines are being drawn, but it is not yet clear exactly what is being fought for.

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