Daily Chemical Reactions

When The Levee Breaks – Asia Polymer Price Strength Post Laura Assures Supply Flood Ahead
September 3, 2020
Commodities Mentioned:
Naphtha, Crude, Ethane, Natural Gas, Ethylene, Polyethylene (PE), Polypropylene (PP), Ethylene Di-Chloride (EDC), Poly-vinyl Chloride (PVC), Acetic Acid, Methanol, Benzene, Styrene
Companies Mentioned:
Dow, LyondellBasell, CP Chem, ExxonMobil, Nova Chemicals, OxyChem, Shintech, BP, Sinopec, Shell, Total, Braskem, Celanese, Saudi Aramco, Albemarle

Daily Chemical Reaction

 

When The Levee Breaks – Asia Polymer Price Strength Post Laura Assures Supply Flood Ahead 

 

Key Points:

  • We highlight recent polymer price strength in Asia post Hurricane Laura which will add to global integrated producer margins – we see this event as working to lift all boats (one more/last time) but also spur a supply response that will almost certainly result in flooding ahead.
  • Other corporate items worth note (e.g. Celanese acetyl-chain price hikes, Albemarle DOE partnership, Braskem planned chlor-vinyl restarts, LyondellBasell China JV petrochemical complex start-up, etc.).
  • Other items worth note today include methanol price strength in Asia and Europe, multiple USGC restart and delay notifications, and a variety of end-market indicators suggesting chemical demand improvement in mid-3Q20.

See PDF below for all charts

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