Daily Chemical Reaction
Getting Lean, Green & Mean – An Industry Facing Uncertain Demand & Varied Product Level Trends
- Today, we discuss global chemical sector supply chain takeaways from 2Q reports, strength mid-week in US PGP and USGC methanol market support.
- We discuss June-quarter profit reports (e.g. BASF, Celanese, Enterprise Products, Orbia, OMV and Solvay among others) and profit outlooks. BASF has to date been more cautious than many for 3Q20 – possibly because of its heavy consumer durable focus (similar to Huntsman).
- Other items noted include European and Asia naphtha market trends, PE and PP market developments, and a resurgence in EV battery pack demand.
See PDF below for all charts