Daily Chemical Reaction
Our 2Q20 Concerns Remain Elevated; US Caustic Nominations Discussed; & Numerous Other Items
Important dates for your calendar.
Conference Call with Andrew Liveris – April 2nd 7.30am ECT
Conference Call with Braskem – April 3rd 11.30am ECT
Key Points:
- Our findings from around the globe early this week support our case that US chemical industry profit declines are likely in 2Q20 – clients take notice.
- US caustic soda contract nominations for March point to increases – in our view, lower global chlor-alkali operating rates are needed to support a hike.
- We highlight corporate updates from AdvanSix, LyondellBasell, Braskem, Sinopec and Kraton; we also flag multiple other items focused on gas market fundamentals, industry capacity additions and general sector health.