Daily Chemical Reaction
US Petrochemical Prices Increase With Feedstocks To Close The Week; Choppy 2H20 Ahead
Key Points:
- US production issues continue to ring favorably for petrochemical prices, but we find a flatter global cost curve limiting producer benefits. We see more losers than winners in the current setting as overall volume remains weak.
- We discuss more takeaways from 2Q reports (e.g. Univar demand and the Braskem PP start-up and planned chlor-alkali restart), and we highlight a few items hitting the press after recent Westlake, Olin and Borealis updates.
- Other items worth note today range from the Bora LyondellBasell ethylene unit start-up in China to Chemical rail traffic rising in North America WoW.
See PDF below for all charts
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