Daily Chemical Reaction
Asia Spot Trends Support Increased Supply but also Lower USGC Petrochemical Prices/Margins Ahead
- Asia ethylene values continue to fall relative to USGC ethane – a negative trend for US ethylene derivative exporters that suggests lower prices.
- We discuss multiple corporate items worthy of note (e.g. EMS Group auto views, Petkim 2Q20 result commentary, Aramco suspension of China refinery investment, etc.) and a number of other chemical sector targeted news items.
- Other items worth note today range from the first WoW downtick in PG Propylene since June, rising Butadiene prices on a global scale, and continued signs of increased China infrastructure spending that we view as a plus for PVC.
See PDF below for all charts