Daily Chemical Reactions

Eggs Turned Sunny-Side Down for USGC Polymer Producers in 2Q, & Other Items
April 10, 2020
Commodities Mentioned:
Polyethylene, Polypropylene, Ethylene, Propylene, Oil, Natural Gas
Companies Mentioned:
Dow, LyondellBasell, Formosa, CP Chem, Sasol, ExxonMobil, Total, Westlake, Braskem

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.

Key Points:
  • 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.


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