Daily Chemical Reactions

Vinyl Prices to Sink Lower, Remain Under Pressure; Multiple Industry Reports
April 24, 2020
Commodities Mentioned:
Oil, Natural Gas, Ethane, Chlorine, Caustic Soda, Ethylene Di-Chloride (EDC), Vinyl Chloride Monomer (VCM), Polyvinyl Chloride (PVC), Methanol, PTA
Companies Mentioned:
Olin, Westlake, Formosa, Shintech, OxyChem, Air Liquide, Eni (Versalis), Sasol, Covestro

Daily Chemical Reaction

 

Vinyl Prices to Sink Lower, Remain Under Pressure; Multiple Industry Reports & Other Items

 

Key Points:
  • We frame the case for PVC price declines into May which suggests profit headwinds for both USGC integrated and non-integrated producers.
  • We highlight a few corporate releases that include Air Liquide, Eni (Versalis Chemicals), Olin, Sasol and Covestro.
  • Other items of note today range from oil-and-gas commentary, to shifts in SE Asia methanol and China PTA, to India chemical import tariff proposals.

See PDF below for Chart of the Day



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