Daily Chemical Reaction
Not Aggressive Enough on Propylene & Other Freaky Friday Items Worth Note
- USGC propylene markets loosened faster than we anticipated this week – we provide a framework for our propylene market views into 2Q20 and note winners and losers from a downward trend in avg. global prices.
- Three corporate items target Sasol, DOMO Chemicals & Lotte Chemical; Sasol will host a conference call next week, we see mgmt. comments targeting potential divestments to increase liquidity as a hot topic – distress seller!
- Other items of note range from Pemex/Braskem ethane, to a China vehicle sales nosedive in February that implies global 1Q20 market headwinds.