Daily Chemical Reaction
Tightness In USGC Propylene; Takeaways From More 2Q20 Sector Reports
- 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.
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