Daily Chemical Reactions

Vinyl Records and Caustic Dreams; Polyethylene Prices to Fall Toward Ethylene
May 5, 2020
Commodities Mentioned:
Oil, Natural Gas, Caustic Soda, Chlorine, Ethylene, Ethylene Di-Chloride (EDC), Polyvinyl Chloride (PVC), Polyethylene, Benzene, Acrylonitrile (ACN)
Companies Mentioned:
Westlake, Olin, OxyChem, Formosa, Shintech, Dow, LyondellBasell, ExxonMobil, DuPont, Shell, Perstorp, Repsol

Daily Chemical Reaction

 

Vinyl Records and Caustic Dreams; Polyethylene Prices to Fall Toward Ethylene; Other Items

Key Points:
  • We discuss the chlor-alkali and vinyl market following recent 1Q releases from major NA and Europe producers – we maintain a cautious view.
  • We discuss polyethylene (PE) prices relative to ethylene in both the US and Europe – we see downward pressure developing for PE in these markets.
  • We provide our takeaways from following multiple corporate releases (DuPont, Shell, Westlake and Perstorp).
  • Other items of note today range from oil-and-gas commentary, to supply-chain items of note, to numerous assets being temporarily shuttered.

See PDF Below for Chart of the Day and Other Charts mentioned below

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