Daily Chemical Reactions

Long Train Running – Global Monomer Contracts Reflect Cramps, Supply Chains Stretch For Balance   
October 1, 2020
Commodities Mentioned:
Benzene, Styrene, Butadiene, Styrene Butadiene Rubber (SBR), Propylene, Ethylene, Polypropylene, Polyethylene, Polyols
Companies Mentioned:
LyondellBasell, Shell, Flint Hills, CP Chemical, INEOS, ExxonMobil, Dow, Invista, Kraton, BASF, Bayer, Cabot, Eastman Chemical, Elanco, Formosa, H.B. Fuller, Hengli, Nexam, Nippon Shokubai, PQ Group, Sumitomo, Aramco, TechnipFMC, Amcor, Cabot, Asahi Kasei, Hapag-Lloyd

Daily Chemical Reaction

 

Long Train Running – Global Monomer Contracts Reflect Cramps, Supply Chains Stretch For Balance     

      

Key Points:

  • We follow our discussion of broad-based strength in US polymer markets yesterday with commentary on a mixed monomer setting – we foresee ample petrochemical supply ahead that should ring positive for derivative buyers.
  • We highlight several corporate news/update items worth note today (e.g. Cabot, Formosa Plastics, Asahi Kasei, Hengli, Nexam, Nippon Paint, etc.).
  • Other items of note today range from an uptick in US refinery operating rates WoW, to more industry cost cutting/restructuring announcements, to shifts in North America rail traffic that point to improving conditions.

See PDF below for all charts

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