Daily Chemical Reactions

Ocean view – New Braskem, TX Polypropylene Facility Will Swing US to Net Exports
June 24, 2020
Commodities Mentioned:
Polypropylene, Propylene, Oil, Natural Gas, Propane, Naphtha, Ethylene, Polyethylene, Polystyrene, Polycarbonate, Vinyl Chloride Monomer (VAM)
Companies Mentioned:
Braskem, LyondellBasell, CP Chemical, ExxonMobil, Ineos, Total, Reliance, Borealis, PetroChina, Solvay, Hexcel, Olin, Huntsman, Sherwin Williams, W.R. Grace, Shell, Lotte Chemical, Reliance Industries, Saudi Aramco, Vision

Daily Chemical Reaction

Ocean view – New Braskem, TX Polypropylene Facility Will Swing US to Net Exports; Solvay Update; Other Items

Key Points:

  • 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 

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