Daily Chemical Reactions

Tightness In USGC Propylene; Takeaways From More 2Q20 Sector Reports
August 12, 2020
Commodities Mentioned:
Naphtha, Ethane, LPG, Propylene, Polypropylene, Polyethylene, Polyvinyl Chloride, Vinyl Acetate, Isoprene
Companies Mentioned:
Formosa, Braskem, LyondellBasell, PPG, Axalta, IPL Plastics, Kuraray, Showa Denko, BASF, Total, HollyFrontier, Ineos, Sipchem, Sinopec, Adani Ports

Daily Chemical Reaction

 

Tightness In USGC Propylene; Takeaways From More 2Q20 Sector Reports

 

Key Points:

  • US propylene markets tighten further mid-week, and we discuss the set up for August contract negotiations and three developments worth noting.
  • We discuss several relevant 2Q reports (e.g. IPL Plastics, Kuraray, Showa Denko), and flag multiple other industry news items worth consideration.
  • We also flag that Asia naphtha blend stock demand remains weak (a plus for petrochemical producers), note the Formosa outages in Taiwan and find India container volume rising – a positive sign for chemical market demand.

See PDF below for all charts

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