Daily Chemical Reactions

Asia Ethylene; Shock & Awe; USGC Propylene Contracts Discussed; Other Items
May 28, 2020
Commodities Mentioned:
Oil, Natural Gas, Ethylene, Propylene, Polyethylene, Polypropylene, Acetic Acid, Acetate Tow, Methanol
Companies Mentioned:
Dow, LyondellBasell, CP Chem, ExxonMobil, Celanese, Sherwin Williams, Akzo Nobel, PPG, Daicel, Eastman Chemical, Toray, Westlake

Daily Chemical Reaction

 

Asia Ethylene; Shock & Awe; USGC Propylene Contracts Discussed; Other Items

Key Points:
  • Asia ethylene and propylene continue to find support and reflect strength on a relative basis to USGC markets – a near-term plus for US exporters but something to approach with caution ahead of a likely 2H20 supply response.
  • We highlight takeaways from the latest Daicel financial results posting for acetate tow and from the latest Toray report for base chemicals & composites.  
  • Other items of note today range from oil-and-gas commentary, the support in US polyethylene order books, and highlight US chemical rail car loadings.

See PDF Below for all Charts Referenced

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