Daily Chemical Reactions

Asia Ethylene Gravy Train Sits on Biscuit Wheels – Ready for Gobbling
June 18, 2020
Commodities Mentioned:
Oil, Natural Gas, Ethylene, Propylene, Polyethylene, Polypropylene, Polybutadiene Rubber, Methanol, Vinyl Acetate Monomer, Methacrylate Monomer, Oleochemicals
Companies Mentioned:
Westlake, Celanese, BASF, Ineos, Sasol, Huntsman, Dow, LyondellBasell, Formosa, Aramco, SABIC, Rohm

Daily Chemical Reaction

 

Asia Ethylene Gravy Train Sits on Biscuit Wheels – Ready for Gobbling; Varied Sector Reports Persist

Key Points:
  • Asia ethylene price support relative to USGC spot levels remains on our mind – we discuss why the spread will face downward pressure in 2H20 and the lure for USGC ethylene and derivative exporters to ramp production.
  • We highlight several corporate items worthy of note – these range from a few takeaways from the BASF virtual shareholder meeting, to a Sasol update, to Huntsman CEO views, to an array of initiatives on the ESG front at Dow.  
  • A few other items noted today include the modest rise WoW in US refining run rates, Europe PE converter issues and US chlor-alkali outages, and the drop in WoW US chemical rail loadings that questions a V-shaped recovery.

See PDF below for all charts 

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