Daily Chemical Reactions

US Polyethylene (PE) Gets Some Help; Methanol Finds A Friend (MTO)
June 9, 2020
Commodities Mentioned:
Oil, Natural Gas, Ethane, Naphtha, Ethylene, Propylene, Polyethylene, Methanol, Acetic Acid, Caustic Soda, Polyvinyl Chloride (PVC), Polystyrene, Polypropylene, MEG/PET
Companies Mentioned:
Dow, LyondellBasell, CP Chem, ExxonMobil, Methanex, SCC, LyondellBasell, OCI/Natgasoline, Westlake, Olin, Formosa, Shintech, OxyChem, Pemex, Toray, PPG

Daily Chemical Reaction

US Polyethylene (PE) Gets Some Help; Methanol Finds A Friend (MTO); Other Items      

Key Points:
  • US polyethylene (PE) producer nominated contract price uptick for June gains support based on spot and export price trends and higher net costs. We still see margin risk in 2H20 as producers react to positive margins.
  • We revisit global methanol following an ~18% drop in US methanol values WoW, a notable rise in implied MTO profit and US export market support.
  • Other items of note today range from oil-and-gas commentary, to USGC ethylene exports to Asia, to multiple downstream restructuring reports.

See PDF below for all charts 

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