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