Daily Chemical Reactions

The Fall Rush – US Polymer Contract Prices Rise In September, Most Well Above Pre-COVID Levels
September 30, 2020
Commodities Mentioned:
Polyvinyl Chloride (PVC), Polyethylene (PE), Polypropylene (PP), Propylene, Butadiene, Styrene Butadiene Rubber (SBR), Cannabinoids, Pectin, Crude Oil/Naphtha, Natural Gas/NGLs
Companies Mentioned:
Westlake, OxyChem, Shintech, Formosa, Aramco, BASF, BP, Covestro, Dow, TPPI, EcoGraf, Genomatica, Givaudan, Holdor Topsoe, LyondellBasell, Shell, Sherwin-Williams, Sika, Sinopec, Total, Umicore, Venator, Vistra, ConocoPhillips, Dekun Energy, RiseSun MGL

Daily Chemical Reaction

 

The Fall Rush – US Polymer Contract Prices Rise In September, Most Well Above Pre-COVID Levels

  

Key Points:

  • US polymer contract prices are set to rise in September and reflect levels last seen in late 2019/early 2020 when overseas production costs were higher – we discuss the 4Q setting and why we see PVC as a relative winner into 2021.
  • We highlight several global corporate items/news releases (e.g. Sherwin-Williams and Sika 2H20 updates, Dow and Umicore restructurings, Shell planned worker cuts, Venator resuming JV production in Lake Charles, etc.)   
  • Other items today range from new China petrochemical projects boosting its LPG/ethane imports, to US Butadiene and Propylene contract settlements, to stakes being high in the battle to gain an edge in the global battery market.

See PDF below for all charts

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