Daily Chemical Reaction
Ocean view – New Braskem, TX Polypropylene Facility Will Swing US to Net Exports; Solvay Update; Other Items
- Braskem announces construction of its La Porte, TX polypropylene (PP) plant is complete – a significant supply addition in a weak demand period – we take a broadly cautious global view of the PP market in 2H20 and 2021.
- We discuss a business update from Solvay that notes relative strength in construction relative to autos and aerospace – these trends align with our view, and recent commentary from Huntsman and Sherwin Williams.
- Other items today range from naphtha markets seeing strength, the likely US June polyethylene contract uptick, and global chemical demand in limbo.
See PDF Below for all charts