Daily Chemical Reactions

The Monster Mash – An Abnormally Spooky 2020 Halloween Season Lies Ahead For US Chemicals
September 22, 2020
Commodities Mentioned:
Ethylene, Propylene, Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Methanol, Mixed Xylenes, Mono-ethylene Glycol (MEG), Isocyanates, Polyols, MTBE, Lithium, Hydrogen
Companies Mentioned:
Braskem, LyondellBasell, Air Products, BASF, Borealis, Clariant, Covestro, European Lithium, Hengli, Honeywell, Indian Oil, Indorama, Ineos, Methanex, Sasol, Saudi Industrial Investment Group, Petrochem, Shell, Sinochem, Total, Vinnolit/Westlake

Daily Chemical Reaction

 

The Monster Mash – An Abnormally Spooky 2020 Halloween Season Lies Ahead For US Chemicals

 

Key Points:

  • The return of US petrochemical production capacity and new capacity additions in Asia suggest more supply ahead in October/November – this could add to an already spooky late October spot price/margin landscape as it has been a while since essentially all capacity has been available.    
  • We display three exhibits that stand out to us early this week and discuss our view of global methanol and the US ethylene and propylene price trends.
  • Other items worth mention today range from corporate items (e.g. BASF, Borealis, Indorama, INEOS, Sasol, Sinochem, etc.), to highlighting numerous global spot market trends, to EU chem producer emission reduction issues.

See PDF below for all charts

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