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Urethane Comments from BASF

...that on the next slide. Earnings in Others also declined considerably compared with Q2 2020, and this was mainly due to higher additions to provisions for variable compensation components as...

Freight Rates

...[than pre-pandemic]. And nondurables are not even that far off the peak. So, we have not seen a big consumption drop-off. There’s still a lot of demand out there.” https://www.freightwaves.com/news/if-supply-chain-crunch-is-finally-easing-why-is-inflation-so-high?j=202061&sfmc_sub=63552105&l=256_HTML&u=4094441&mid=514011755&jb=27008&sfmc_id=63552105...

China PU Update

...the overseas demand for refrigerators shrank in 2022. Furthermore, due to the high base in 2021, China experienced a significant decline in both domestic sales and export of refrigerators. https://www.pudaily.com/Home/NewsDetails/38705...

China Update

...downstream polyester plants are running at high rates. PTA inventory among producers and downstream end-users alike has remained high, while the government is trying to help out exporting companies survive...

Urethane Comments from BASF

Hexion Results

...or “Successor Company” relate to the financial position and results of operations of the reorganized Company subsequent to the Effective Date. References to “Predecessor” or “Predecessor Company” refer to the...

Pure MDI in China

...percentage point to the growth of pure MDI consumption. Overall, the consumption of pure MDI is expected to maintain a growth rate of 3-4% in the next 5 years. http://www.pudaily.com/News/NewsView.aspx?nid=76453...

BASF Releases Plan

...€7.67B earned in 2023, and more than €12B in cumulative free cash flow during 2025-28 while reducing capital spending below depreciation from 2026, after a complex it is building in...

Benzene Tracks Lower

...month and are heavily influenced by movements in spot prices. Major US benzene producers include ExxonMobil, Flint Hills Resources, LyondellBasell, Marathon Petroleum, Shell and Phillips 66. By Zachary Moore https://www.icis.com/resources/news/2018/03/01/10198559/us-march-benzene-contracts-settle-lower-tracking-weaker-spot/...

Seems Like We’re Bottomed Out In General

...settled on the last day of the previous month. Major US benzene producers include ExxonMobil, Flint Hills Resources, LyondellBasell, Marathon Petroleum, Shell and Phillips 66. By Jessie Waldheim http://www.icis.com/resources/news/2015/09/29/9928183/us-oct-benzene-expected-to-rise-slightly/...