News Digest 2/27/2017


Huntsman reports lower sales, higher profits for 2016

SABIC says that deliveries are improving but some customers disagree

Borealis sees a 10% increase in profits for 2016

Trex decking sees record increases in sales

New cyclo-olefin polymer grades target auto industry

Weekly resin report: Spot resin market cools, as buyers push back on price inflation

BASF sees lower earnings for 2016

PP & PE march into March with higher pricing


Virtue Signaling in the Petrochemicals Industry

Virtue Signaling: noun

Definition: the action or practice of publicly expressing opinions or sentiments intended to demonstrate one’s good character or the moral correctness of one’s position on a particular issue.

It seems odd that large chemical and petroleum companies spend big bucks on 30 second TV ads. The ExxonMobil “To-Do List” advertisement, like all of these ads, does not ask you to buy or consider any particular product. BASF runs similar ads on television and I don’t think that you can buy a BASF branded product at the store (I used to buy their blank audio cassettes back in the day to make mix tapes though).

In other news, the Ringling Bros and Barnum & Bailey Circus is closing after more than 100 years in operation. Maybe they needed to run some ads.

Continue reading “Virtue Signaling in the Petrochemicals Industry”