Daily Chemical Reaction
When The Levee Breaks – Asia Polymer Price Strength Post Laura Assures Supply Flood Ahead
- 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