Daily Chemical Reaction
Sector Cost Cuts Ahead; Chlor-Alkali, Propylene & Methanol Snapshots; & Other Relevant Sector Items
An important date for your calendar:
Webcast/Conference Call with Raj Gupta – April 14 at 11.00am EST.
Key Points:
- Downturns create a sharp turn in the chemical sector racetrack that enables prepared drivers to take the lead – we discuss how the wave of cost cuts/efficiency measures likely discussed with 1H20 results will fit in.
- We see the whole chlor-alkali complex facing downward price pressure, discuss our negative view of global cracker co-product values and comment to US methanol pressure, China polymer inventory trends and India lockdowns.
- Other items of note today range from further cuts at Sasol that add to other Western World production reductions, to the EV battery market share position at LG Chem and EV policy trends favoring in-country producers.