Daily Chemical Reactions

Polypropylene Market Racing Ahead, Supply Surge Set To Blow The Tires And The Engine  
September 11, 2020
Commodities Mentioned:
Naphtha, Crude, Ethane, Natural Gas, Ethylene, Butadiene, Propylene, Polypropylene (PP), Polyurethanes, Polyethylene Terephthalate (PET), Lumber
Companies Mentioned:
LyondellBasell, Braskem, ExxonMobil, Ineos, Formosa, Pinnacle Polymers, Phillips 66, Total, Reliance, PetroChina, Borealis, Dow, DuPont, Hemlock Semiconductor, Honeywell UOP, Kraton, Map Ta Phut, Solvay

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.

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