Daily Chemical Reactions

Not Letting A Good Crisis Go To Waste – Another US PE Contract Uptick? Varied Sector Reports Point To Still Turbulent Industry Conditions  
August 11, 2020
Commodities Mentioned:
Naphtha, Crude, Ethane, Propane, Natural Gas, Ethylene, Propylene, Polyethylene, Polypropylene, Polyvinyl Chloride, Caustic Soda, Lithium, Nylon, IPA
Companies Mentioned:
Dow, LyondellBasell, CP Chem, ExxonMobil, Formosa Plastics, Nova Chemical, Aramco, Braskem, IFF, Lanxess, SABIC. Sasol, Orocobre, Tesla

Daily Chemical Reaction

 

Not Letting A Good Crisis Go To Waste – Another US PE Contract Uptick? Varied Sector Reports Point To Still Turbulent Industry Conditions  

 

Key Points:

  • US polyethylene producers target an August US contract price hike, which would reflect the third monthly uptick in a row – our model points to falling momentum and unlikely contract price improvement relative to spot levels.
  • Corporate items in the news today range from the polypropylene FM at Formosa to the Sasol June trading update ahead of its full report next week.
  • Other items worth note today include a discussion of a US ethane export terminal set to crank up in November, the recent price strength in USGC methanol that we view as likely to reverse based on export fundamentals, and the possibility of the E&C labor market facing tougher conditions ahead.

See PDF below for all charts

Contact us to subscribe to our services and gain access to full content.