Daily Chemical Reactions

The Appliances Are Runnin’…Out the Door, Supply Chain Imbalances Remain Far From The Icebox
September 23, 2020
Commodities Mentioned:
Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Polybutylene Terephthalate (PBT), Acetone, Bromine, Neopentyl Glycol, Cobalt, Lithium. Hydrogen, Oxyalkylates, Polyurethanes
Companies Mentioned:
Dow, Huntsman, Covestro, LyondellBasell, Air Liquide, BASF, Sinopec, Petrobras, First Cobalt, Ineos, BP, Koppers, Lummus, Petronas. Shell, Styrolution, Westlake, Olin, Albemarle, ICL, Lanxess, Tesla, Wood

Daily Chemical Reaction

 

The Appliances Are Runnin’…Out the Door, Supply Chain Imbalances Remain Far From The Icebox  

 

Key Points:

  • Home appliance demand has surged higher not only from 2Q lows but on a YoY basis as consumer spending has increasingly targeted the home – we flag industry data to support our case and near-term the benefits for chemical producers. Like housing, this is likely a bubble but it could last a while.
  • We highlight positive residential repair and remodeling trends noted in an update from Koppers and highlight other corporate news items of note (e.g. BP, Ineos, Evonik, Air Liquide, Petrobras, Lummus, Shell, Tesla).
  • Other items today range from China spot price trends (notably Bromine, HDPE & PVC) that caught our attention overnight, to the China initiative to become carbon neutral, to the Port of Antwerp adding storage bunkers.

See PDF below for all charts

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