Daily Chemical Reactions

Positive Sentiment Gains Steam With Crude – Most 2H20 Sector Headwinds Remain Stiff
June 3, 2020
Commodities Mentioned:
Oil, Natural Gas, Ethylene, Propylene, Polyethylene, Polypropylene, Polyvinyl Chloride, Acetic Acid, Methanol, Butadiene, Styrene
Companies Mentioned:
Braskem, Dow, LyondellBasell, Total, Formosa, CP Chem, SABIC, Ineos, Westlake

Daily Chemical Reaction

Positive Sentiment Gains Steam With Crude – Most 2H20 Sector Headwinds Remain Stiff; Other Items  

Key Points:
  • Brent Crude Oil prices are rising relative to natural gas values – a plus for the US chemical industry and likely to quicken production restarts into 2H20.
  • We provide takeaways from the Braskem 1Q20 release and earnings call – we discuss management Q&A comments about petrochemical oversupply.
  • Other items of note today range from oil-and-gas commentary, to efforts to re-shore some US supply chains, to the May US ethylene contract settlement.

See PDF below for all charts referenced

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