Daily Chemical Reaction
Eggs Turned Sunny-Side Down for USGC Polymer Producers in 2Q, & Other Items
Important dates for your calendar:
Webcast/Conference Call with Raj Gupta – April 14 at 11.00am EST.
Webcast/Conference Call with Dennis Reilley – April 17 at 11.00am EST.
- We take a bearish stance on US polymer prices for 2Q20 and do not see a pronounced global rebound from the lows in 2H20 – there are simply too many polymer eggs in play on this hunt, and not enough hunters.
- Other items of note today range a discussion targeting US Natural gas price support to an article discussing CFOs being under increasing levels of pressure to maintain liquidity as COVID-19 issues inflict damage.