Daily Chemical Reaction
Long Train Running – Global Monomer Contracts Reflect Cramps, Supply Chains Stretch For Balance
- 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