Daily Chemical Reactions

Ready to Play – Methanol Has Stayed in Time Out Longer Than Most, But New Batteries Have Been Put in Its Chinese Toys & Friends Are Gathering
July 1, 2020
Commodities Mentioned:
Methanol, Coal, Natural Gas, Crude Oil, Ethylene, Propylene, Acetic Acid, Formaldehyde, MTBE, DME, Styrene Butadiene Rubber (SBR), Butadiene, Polyethylene, Polypropylene, Benzene, Acrylonitrile, Ammonia
Companies Mentioned:
Methanex, SCC, SABIC, Aramco, Celanese, LyondellBasell, Kuraray, PolyOne, Clariant, Sasol, Air Products, Huntsman, Formosa, Nova, Cabot, DuPont

Daily Chemical Reaction

Ready to Play – Methanol Has Stayed in Time Out Longer Than Most, But New Batteries Have Been Put in Its Chinese Toys & Friends Are Gathering    

Key Points:
  • Methanol may be an exception; USGC margins have faced downward pressure since March – we find signs of stabilization and present our view.
  • 2H 2020 is likely to continue to show volatility – and other commodity items noted today include recent improvement in China SBR prices, weaker European PP and PE fundamentals, and the US July benzene contract.
  • Other relevant sector items of note include oil-and-gas commentary, the continued Aramco focus on crude-to-chemicals, and AI use in waste mgmt.

See PDF below for all charts 

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