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:
- 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