Daily Chemical Reaction
Global Durable Goods Demand Collapse; Benzene Snapshots; & Other Relevant Sector Items
An important date for your calendar:
Conference Call with Raj Gupta has been moved to April 14 (from April 10th) – the call will be held at 11.00 am EST.
Key Points:
- Global durable goods markets face very tough conditions – we highlight a few recent releases showcasing significant uncertainty and pain which will flow back to polymers.
- We comment to declines in US benzene WoW despite the recent modest upward moves in Europe and Asia – we do not foresee a V-shaped rebound.
- Other items of note today range from ExxonMobil capex cuts outside of chemicals, Braskem thoughts before its earnings call tomorrow, and news that LyondellBasell may re-start its Houston refinery FCC units next week.