Daily Chemical Reactions

China’s Rebound May Find Limited Customers & Other Items
March 17, 2020
Commodities Mentioned:
Ethylene, Propylene, Benzene, Methanol, Propane, Ethane, Naphtha, Polyethylene, Polypropylene, Naphtha, Silicones, Polysilicon
Companies Mentioned:
Dow, LyondellBasell, Trinseo. Ineos. Westlake, Methanex, Sasol, Wacker Chemie, Huntsman, ExxonMobil, Saudi Aramco, Petronas

Daily Chemical Reaction

China’s Rebound May Find Limited Customers & Other Items

Key Points:

  • We discuss Dow CEO commentary noting a rebound in China activity – in our view, the worst for the US and European markets is yet to be seen, which may flow back to China.
  • We discuss the collapse in Asia petrochemical values and four corporate items: our preference for Dow relative to Lyondellbasell; Wacker 4Q results; the Sasol update; and a Huntsman Advanced Material segment acquisition.
  • Other items of note range from capital spending cuts at ExxonMobil and Saudi Aramco to mounting concerns of a cash crunch for material suppliers among European customers.


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