Daily Chemical Reactions

Thoughts Before The LyondellBasell 2Q Report
July 30, 2020
Commodities Mentioned:
Brent Crude, Natural Gas, Naphtha, Ethane, Propane, Ethylene, Propylene, Butadiene, Polyethylene, Polypropylene, Methanol
Companies Mentioned:
LyondellBasell, Valero, Dow, DuPont, Methanex, Arkema, Axalta, Clariant, Eni, Kraton, Sekisui, Siam Cement, Shell, S-Oil, Total, Trinseo, Tronox, Wacker Chemie

Daily Chemical Reaction

 

Thoughts Before The LyondellBasell 2Q Report; Multiple Sector Takeaways & Other Items

Key Points:

  • We discuss our views of the likely most and least appreciated items facing LYB with its 2Q20 results based on peer reports and commodity trends. Looking at Valero’s numbers this morning there could be some major inventory valuation adjustments at LyondellBasell
  • We discuss multiple sector 2Q20 earnings reports (e.g. DuPont, Methanex, Axalta, Kraton and Sekisui among others) and find mixed 2H expectations.
  • Other items today range from HH Natural Gas forward curve trends, to a higher Aug. US Butadiene contract prices that follows global strength in BD spot markets, to an EU Council decision to charge for plastic waste.

See PDF below for all Exhibits 

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