Daily Chemical Reaction
Shake, Rattle & Roll – Methanol Emerges From The Doldrums, Further Improvement In Question
- US spot methanol values reflect strength MoM and contract price hikes are arriving for October – we evaluate US values relative to NW Europe and Asia, and flag derivative trends that will likely keep US price hikes in check.
- We highlight several corporate news/update items worth note today (e.g. PTTGC, AkzoNobel, Borealis, CNOOC, LyondellBasell, etc.).
- Other items worth note today range from spot ethylene price strength in SE Asia amid outages, US refinery operating rates taking a step lower WoW, and some limitations in Europe-Asia naphtha product flows.
See PDF below for all charts