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 



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