Daily Chemical Reactions

US Petrochemical Prices Increase With Feedstocks To Close The Week; Choppy 2H20 Ahead
August 7, 2020
Commodities Mentioned:
Brent Crude, Naphtha, Natural Gas, Ethane, Ethylene, Propylene, Polyethylene, Polypropylene, Ethylene Di-Chloride, Caustic Soda, Polyvinyl Chloride
Companies Mentioned:
Dow, LyondellBasell, ExxonMobil, Westlake, Axalta, PPG, Sherwin-Williams, Univar, Braskem, Bora Enterprise Group, Idemitsu, Westlake, Olin, Borealis, Enterprise, BYD, UPS

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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