An upturn in end-market demand from the coronavirus-induced slowdown is likely to have aided the performance of chemical companies in the fourth quarter. Plant shutdowns associated with Ida further squeezed the supply of raw materials and pushed up their prices. Nevertheless, the benefits of strategic measures, including actions to raise selling prices of chemical products to counter the cost inflation and tightness in the supply chain, productivity improvement measures and operational efficiency improvement, might reflect on the results of the companies in this space.