Daily Chemical Reaction
China Time, MDI & The Rise with no Shine
- 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.