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

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