Daily Chemical Reactions

China Time, MDI & The Rise with no Shine
March 6, 2020
Commodities Mentioned:
Polyethylene, Polypropylene, Polyvinyl Chloride, MDI, Benzene, Ethylene, Natural Gas, Brent Crude, Naphtha, Lithium
Companies Mentioned:
Dow Chemical, LyondellBasell, ExxonMobil, Braskem, Formosa, Westlake, Sasol, Huntsman, Wanhua, Shell, Borealis, Evonik

Daily Chemical Reaction

China Time, MDI & The Rise with no Shine

Key Points:
  • China spot values rose across multiple key polymer chains this week amid outages (unplanned and pulled forward turnarounds) – we remain cautious on prices trends in 2Q as supply could abruptly return to the global market.
  • The MDI market is weak and unlikely to support Asia price hikes – our near-term view is cautious, but we are constructive on the medium term.
  • Three corporate items today target LyondellBasell, Shell and Borealis; our other items section today includes an array of topics ranging from Evonik specialty growth, to the US Nat. gas advantage, to the surge in TX safety gear.

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