Daily Chemical Reaction
Upstream Market & Forward Curve Views; Corporate Updates & Other Items
- We frame recent shifts in upstream crude, natural gas and NGL values, and discuss the forward curves and why they may be (and likely are) wrong.
- We find chemical spot price support in China (polyethylene, both caustic soda & PVC, etc.) and view it as a near-term plus for US producers.
- Other items of note include an Ingevity business update, the US chemical freight carload uptick WoW and Sasol divestment commentary.
See PDF below for all charts