Daily Chemical Reactions

Getting Lean, Green & Mean – An Industry Facing Uncertain Demand & Varied Product Level Trends  
July 29, 2020
Commodities Mentioned:
Propylene, Methanol, Crude, Naphtha, Natural Gas, Ethane, Propane, Ethylene, Polyethylene, Polypropylene, Polyurethanes, Polyvinyl Chloride, Caustic Soda, Paraxylene
Companies Mentioned:
Axalta, BASF, PPG, Eastman Chemical, Dow, Braskem, LyondellBasell, Celanese, Mitsui, OCI, Natgasoline, Ashland, 3M, DuPont, Orbia, OMV, Ecolab, Sherwin Williams, Sipchem, Solvay, Huntsman. ExxonMobil, SABIC

Daily Chemical Reaction

 

Getting Lean, Green & Mean – An Industry Facing Uncertain Demand & Varied Product Level Trends  

Key Points:

  • 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

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