Daily Chemical Reaction
Polypropylene Market Racing Ahead, Supply Surge Set To Blow The Tires And The Engine
Key Points:
- We discuss the global polypropylene (PP) market following the announced start-up of new Braskem production capacity at La Porte, TX – tight US and global market conditions will likely welcome more production near term, but the medium-to-long term market looks over-supplied and less profitable.
- We highlight the Dow polyurethane contract price hike nominations for October, the DuPont divestment of its Hemlock Semiconductor JV stake, and other corp. items (Braskem, Honeywell UOP, Map Ta Phut, Kraton, Solvay).
- Other items worth note range China Butadiene exports, to recent PET market developments, to US lumber prices approaching record levels.
See PDF below for all charts