Epoxy
January 29, 2021
Bisphenol A Podcast
PODCAST: Asia, Europe BPA markets in buoyant mood
Author: Heidi Finch
2021/01/29
LONDON (ICIS)—The Europe BPA market remains firm and tight, while China is rebounding ahead of the Lunar New Year holidays
- China market buoyant ahead of Lunar New Year holiday
- China spot liquidity to slow typically during Lunar New Year
- Europe stocks remain low, on limited Asian imports, buoyant downstream markets
- China rebound, logistic constraints to continue to impede South Korean export flow to Europe
- Hexion lifts force majeure on BPA and epoxy at Pernis site
Podcast interview with Heidi Finch in London and Julia Tan in Singapore.
Edited by Will Beacham
Listen to the podcast here:
January 29, 2021
Bisphenol A Podcast
PODCAST: Asia, Europe BPA markets in buoyant mood
Author: Heidi Finch
2021/01/29
LONDON (ICIS)—The Europe BPA market remains firm and tight, while China is rebounding ahead of the Lunar New Year holidays
- China market buoyant ahead of Lunar New Year holiday
- China spot liquidity to slow typically during Lunar New Year
- Europe stocks remain low, on limited Asian imports, buoyant downstream markets
- China rebound, logistic constraints to continue to impede South Korean export flow to Europe
- Hexion lifts force majeure on BPA and epoxy at Pernis site
Podcast interview with Heidi Finch in London and Julia Tan in Singapore.
Edited by Will Beacham
Listen to the podcast here:
January 29, 2021
Olin Q4 Results
Olin’s Q4 adjusted EBITDA, revenues top estimates
Jan. 28, 2021 4:58 PM ETOlin Corporation (OLN)By: Carl Surran, SA News Editor6 Comments
- Olin (NYSE:OLN) +2.4% post-market after its Q4 net loss of $0.21/share was smaller than its year-ago net loss of $0.49/share, and Q4 adjusted EBITDA of $246.2M came in well ahead of $173.2M in the year-ago quarter.
- Q4 total sales increased 19% Y/Y to $1.65B, chlor alkali products and vinyls sales rose 4% to $793.7M, epoxy sales gained 10% to $519.8M, and Winchester sales more than doubled to $340.6M.
- The company expects Q1 adjusted EBITDA to improve vs. Q4 2020, with strength in its chemicals businesses, particularly in Epoxy, “to push the ECU PCI higher, with Olin’s recent price increase announcements for chlorine, epichlorohydrin, epoxy resins, bleach, ethylene dichloride and chlorinated organics forecast to positively contribute.”
January 29, 2021
Olin Q4 Results
Olin’s Q4 adjusted EBITDA, revenues top estimates
Jan. 28, 2021 4:58 PM ETOlin Corporation (OLN)By: Carl Surran, SA News Editor6 Comments
- Olin (NYSE:OLN) +2.4% post-market after its Q4 net loss of $0.21/share was smaller than its year-ago net loss of $0.49/share, and Q4 adjusted EBITDA of $246.2M came in well ahead of $173.2M in the year-ago quarter.
- Q4 total sales increased 19% Y/Y to $1.65B, chlor alkali products and vinyls sales rose 4% to $793.7M, epoxy sales gained 10% to $519.8M, and Winchester sales more than doubled to $340.6M.
- The company expects Q1 adjusted EBITDA to improve vs. Q4 2020, with strength in its chemicals businesses, particularly in Epoxy, “to push the ECU PCI higher, with Olin’s recent price increase announcements for chlorine, epichlorohydrin, epoxy resins, bleach, ethylene dichloride and chlorinated organics forecast to positively contribute.”
