Daily Chemical Reactions

US Polyethylene Markets Find Support; Butadiene Finds A Rubbery Bottom
May 19, 2020
Commodities Mentioned:
Oil, Natural Gas, Polyurethanes, Butadiene, Ethylene, Propylene, Polyethylene, Caustic Soda, Chlorine, Polyvinyl Chloride (PVC), Polyethylene, Polypropylene
Companies Mentioned:
Dow, CP Chem, ExxonMobil, LyondellBasell, Kuraray, Kraton, Goodyear, Borealis, Covestro, Huntsman, Shell, CNOOC, LG Chem

Daily Chemical Reaction

 

US Polyethylene Markets Find Support; Butadiene Finds A Rubbery Bottom; Other Items

Key Points:
  • We discuss recent US polyethylene market price support that we view as a plus for USGC producers near-term – our 2H20 outlook remains negative.
  • We quickly touch on the Butadiene market as prices have found support after a significant contraction since the start of the year.
  • We discuss multiple global corporate releases and news items (Borealis, Covestro, Huntsman and Shell/CNOOC).
  • Other items of note today range from oil-and-gas commentary, to styrene flows in the US and Korea, to the restart of auto production in some areas.

See PDF Below for all Charts Referenced

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