Daily Chemical Reactions

Supply Chains Easing Back To Normal – Still A Glimmer, But Signs Of Reset Emerge
September 16, 2020
Commodities Mentioned:
Ethane, Naphtha, Propane, Ethylene, Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Ethylene Di-Chloride (EDC), Caustic Soda, Acetic Acid, Methanol, Hydrogen
Companies Mentioned:
LyondellBasell, Braskem, ExxonMobil, Olin, Kraton, 3M, Axens, Brenntag, Celanese, Fluor, Hengyi, Uponor, Sinochem, ChemChina, GM, Hyundai Motor

Daily Chemical Reaction

 

Supply Chains Easing Back To Normal – Still A Glimmer, But Signs Of Reset Emerge

 

Key Points:

  • We find initial evidence that recent global polymer price upticks in part as a result of US disruptions is spurring production abroad – we think Asia spot trends relative to US values and Asia integrated margins support our case.
  • We now see a limited chemical sector impact from Hurricane Sally, discuss the 3M update and re-issuance of 2020 profit views at Brenntag and Uponor, and highlight the Celanese acetyl intermediate price hikes issued overnight.
  • Other items worth note today include additional costs for Braskem chlor-alkali ahead of a planned late 2020 restart, views on refinery investments to spur chemical production, and thoughts on more global chemical projects.

See PDF below for all charts

Contact us to subscribe to our services and gain access to full content.