Daily Chemical Reaction
The Hangover Ahead – Recent Sugar Highs, Beach Parties & Anxiety Fueled Price Hikes to Pass Out
- We discuss the different drivers supporting July US polyethylene (PE) and polypropylene (PP) price strength but the still stiff headwinds facing both markets in 2H20 (and notably in 2021) in the form of too much global supply.
- We discuss the Eastman Chemical 2Q result and volume trends along with highlighting multiple other releases (e.g. Evonik, DSM, Ashi Kasei, etc.).
- Other items worth note today include a US Indorama ethylene production disruption, rising US shale producer efficiency and rising Rhine water levels.
See PDF below for all charts and tables