Daily Chemical Reactions

Upstream Market & Forward Curve Views; Corporate Updates
June 25, 2020
Commodities Mentioned:
Ethane, Crude Oil, Natural Gas, Ethylene, Polyethylene, Caustic Soda, Polyvinyl Chloride, Methanol
Companies Mentioned:
Dow, LyondellBasell, CP Chem, ExxonMobil, Westlake, Shintech, Formosa, Olin, Methanex, Celanese

Daily Chemical Reaction

Upstream Market & Forward Curve Views; Corporate Updates & Other Items

Key Points:

  • 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 

 

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