Daily Chemical Reactions

China PE Falls WoW; Feedstocks Still Favor US Ethylene Production; Corporate Updates Roll In
July 22, 2020
Commodities Mentioned:
Brent Crude, Natural Gas, Naphtha, Ethane, Ethylene, Propylene, Polyethylene, Methanol, Ethylene Vinyl Acetate (EVA), Surfactants, Polyols
Companies Mentioned:
Dow, LyondellBasell, ExxonMobil, CP Chem, AkzoNobel, PPG, Axalta, Avient, Stepan, ADNOC, Worley, BASF, Evonik, Solvay, Indorama, Methanex, Celanese, DuPont, Sumitomo, Arkema, Lanxess, Norsk Hydro

Daily Chemical Reaction

China PE Falls WoW; Feedstocks Still Favor US Ethylene Production; Corporate Updates Roll In

Key Points:

  • China polyethylene spot markets are loosening to start the week, while domestic US markets remain tight and USGC ethane takes a step lower.
  • US Natural Gas values reflect weakness relative to Brent Crude WoW (a plus for US petrochemical margins), and we highlight this ratio relative to two major global cracker cash costs and hydrocarbon gas liquid trends.
  • Other items today range from multiple material sector corporate reports of note (Avient, Stepan, AkzoNobel, ADNOC, Worley, etc.), to LPG taking share from Naphtha in Asia, to a few thoughts on methanol as a bunker fuel.

See PDF below for all charts

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