Daily Chemical Reactions

On the Road Again – Potholes, Speed Bumps and Hitchhiker Abuse Varies by Market
June 17, 2020
Commodities Mentioned:
Polypropylene, Polyethylene, Methanol, Ethylene, Butadiene, Polyurethane, Nylon (Polyamides), Crude Oil, Natural gas
Companies Mentioned:
Westlake, Olin, Methanex, PolyOne, Axalta, LyondellBasell, Braskem, CP Chem, ExxonMobil, Ineos, Total, Reliance, PetroChina, Borealis, BASF, AdvanSix, Dow, Huntsman, Covestro, Nova, Albemarle, Livent, SQM, Celanese, Kuraray, Ganfeng, Sinopec, Clariant

Daily Chemical Reaction

On the Road Again – Potholes, Speed Bumps and Hitchhiker Abuse Varies by Market; US Benefits from Asia C2 Chain Price Strength; Other Items

Key Points:
  • We discuss global polymer chains with significant exposure to the auto sector following the PolyOne and Axalta business updates yesterday.
  • We flag multiple reports highlighting strength in Asia C2 markets – we use this opportunity to further our discussion of China MTO margin strength (a plus for US methanol exporters) and US polyethylene contract price support.
  • Other items of note range from the drop in natural gas relative to crude (see our chart of the day), to a modest recovery in synthetic rubber prices in China, to shippers eyeing a floating storage drawdown in 2H20.

See PDF below for all charts 

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