Daily Chemical Reaction
Price Hikes Amid Limitations – The Butadiene Handcuffs; Vinyls, PE & Other Items Of Note
- Asia Butadiene (BD) values reflect a five-year low relative to naphtha and BD derivative values reflect little sign of improvement – this suggests ethylene cracker operating rate issues in Asia and Europe are persisting.
- We highlight weakness in China caustic soda values while PVC values rising – we see this setting as more beneficial to Westlake relative to Olin.
- We discuss multiple global corporate releases (Dow, Sekisui, Air Products, Cepsa & JXTG) and thoughts on recent events (Dow & DuPont).
- Other items of note today range from oil-and-gas commentary, to mixed Asia petrochemical output, to a new EV launch in China.
See PDF Below for all charts referenced