Daily Chemical Reaction
Supply Chains Easing Back To Normal – Still A Glimmer, But Signs Of Reset Emerge
- 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.
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