Daily Chemical Reaction
2H20 Chemical Sector Profit Views Remain Too Optimistic; More Corporate Reports; Other Items
- 2H20 and 2021 chemical sector profit estimates appear broadly too high as most assume a 3Q20 demand snapback and notably wider oil/gas ratio.
- We provide our takeaways following three corporate earnings releases (Orion Eng. Carbons, PTT Global and Lotte Chemical).
- Other items of note range from oil-and-gas commentary, to still weak China PVC and caustic prices, to Brazilian plastic converter operating rates.
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