Daily Chemical Reaction
From Lumber to PVC – A Reaction To Better Housing – A Case for US PVC Price Support; Acetyl Price Hikes; Other Items
- We discuss recent US polyvinyl chloride (PVC) market price support that we view as a plus for USGC producer integrated profit into late 2Q20. An outsized positive for Westlake.
- We note Celanese acetyl-chain price hike announcements – the upward trend in China spot values since early-to-mid April offers support in our view, but the macro backdrop does not.
- Other items of note today range from oil-and-gas commentary, to global butadiene price moves, to increasing hopes on an automotive recovery.
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