Daily Chemical Reactions

The Dungeons & Dragons Of 2Q Appear Defeated In 2H20 Street Estimates – Likely The Next Area of Cuts
May 1, 2020
Commodities Mentioned:
Oil, Natural Gas, Polyurethanes, Butadiene, Ethylene, Propylene, Polyethylene, Caustic Soda, Chlorine, Polyvinyl Chloride (PVC), Polyethylene, Polypropylene
Companies Mentioned:
Huntsman, LyondellBasell, AdvanSix, Phillips66 (CP Chemical), ExxonMobil, Olin, Ingevity, Reliance

Daily Chemical Reaction

 

The Dungeons & Dragons Of 2Q Appear Defeated In 2H20 Street Estimates – Likely The Next Area of Cuts; Butadiene Needs A Home; Other Items

An important date for your calendar:

Conference Call with the Dow Investor Relations team on May 5 at 10am EST

Key Points:
  • 2Q20 issues noted with each sector earnings report are mostly well expected. Our concerns target many aggressive/hopeful 2H20 expectations.
  • We provide our takeaways from following multiple corporate releases (Huntsman, LyondellBasell, AdvanSix, Phillips66, ExxonMobil & Olin).
  • We quickly touch on the Butadiene market as prices are falling around the globe as a result of low demand and difficulties with storage.
  • Other items of note today range from oil-and-gas commentary, to supply-chain items of note, to PE operating rate curbs with inventory builds in mind.

See PDF Below for Chart of the Day and other charts 



Contact us to subscribe to our services and gain access to full content.