Daily Chemical Reaction
Riders On The Storm – Sept. US Polymer Price Hikes Find Support, Mattress Sales Spring
- We discuss US chemical production assets in Mississippi/Alabama that are in the path of Hurricane Sally and findings that suggest more storm activity ahead which we view as a plus for September US polymer contract price hikes. We continue to see more lasting support in PVC values relative to PE and PP, but there is clearly potential support for PE and PP for a bit longer.
- We note recent updates from mattress and home product producers, such as Temper Sealy and Casper, that ring positive for urethane producers, such as Covestro, BASF, Dow, Tosoh, Huntsman and Wanhua.
- Other items worth note today range from more corporate items (e.g. Dow, Lanxess, OQ Chemicals, Sumitomo Chemical, etc.), to several global chemical capacity/project updates, to notable rail logistic constraints in the western US.
See PDF below for all charts