Daily Chemical Reaction
Sharp Chemical Sector Profit Drop Ahead in 2Q20; C-MACC Events Ahead; & Numerous Other Items
- We anticipate sharp chemical sector profit declines in 2Q20 – we discuss recent participant 2020 guidance withdrawals and commodity trends.
- We will host a webcasted event with Former Dow Chemical CEO Andrew Liveris on Thursday, April 2. Our Braskem event originally scheduled for today was moved by the company to after its 4Q release on April 3rd.
- We highlight corporate updates from Trecora Resources, PetroChina, Arkema and HB Fuller; we also flag multiple other items focused on lingering demand issues in China to notable headwinds currently facing European chemical producers – indeed, we see some of this rolling to US markets.