TSX:CHE.DB.E - Post by User
Post by
Khersonon Feb 15, 2021 10:20am
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Post# 32567819
4th Quarter Results
4th Quarter ResultsThe following quotes are Chemtrade's own words:
Comments on certain key elements contributing to Chemtrade’s 2020 fourth quarter earnings are as follows:
• Fracking activity and thus demand for HCl has shown some improvement during the year, but remains well below 2019 levels.
• Demand for Regen services which is dependent upon gasoline demand has been improving but is still approximately 10% below normal levels.
• Demand for printing paper remains low as large numbers of people are still working from home. This has led to reduced demand for sodium chlorate.
• Demand for water products is stable, however the fourth quarter is a seasonally low demand quarter with generally reduced water consumption in the winter months.
• Despite lower demand, pricing for most of our products is expected to remain stable in the fourth quarter.
• The main exception is pricing for caustic soda. The Northeast Asia spot index for caustic soda, which is very influential on our caustic soda selling price, settled at a very low level towards the end of the third quarter. It was approximately US$50 per tonne below the level relative to the same period in 2019.
Kherson