Daily Chemical Reactions

Lingering Laura Issues Spur Prices – Export Markets Limit Stamina, PVC Appears The Best Ride
September 1, 2020
Commodities Mentioned:
Naphtha, Crude, Ethane, Natural Gas, Ethylene, Polyethylene (PE), Propylene, Polypropylene (PP), Polyvinyl Chloride (PVC), Vinyl Chloride Monomer (VCM), Monoethylene Glycol (MEG), Butadiene, N-Butanol
Companies Mentioned:
Dow, LyondellBasell, ExxonMobil, Sasol, Lotte Chemical, Westlake, Formosa Plastics, Shintech, Ineos, Lotte Chemical, PPG, Sherwin Williams, Methanex, Natgasoline, SCC, Mitsui Chemical, Celanese, Showa Denko, Trinseo

Daily Chemical Reaction

 

Lingering Laura Issues Spur Prices – Export Markets Limit Stamina, PVC Appears The Best Ride

     

Key Points:

  • US polymer producers have increasingly geared their production to serve export markets during the past decade – in this report, we discuss Hurricane Laura issues, implied export limitations to US price strength in some products and why we hold a more constructive view of PVC relative to PE and PP.
  • We also discuss the August US propylene contract settlement, US methanol spot trends relative to Asia and several corporate items worth mention (e.g. Showa Denko, LyondellBasell China JV facility start-up, Sasol, ExxonMobil).
  • Other items worth range from Asia naphtha markets seeing strength and two China ethylene cracker start-ups targeted this week, to the recent price strength in multiple European petrochemicals, to US MEG export concerns.

See PDF below for all charts

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