Daily Chemical Reaction
Hot Blooded – Chemical Industry Restructurings In Motion, US Personal Income Growth In Question
- We follow our discussion last week of global chemical end market health by narrowing our scope to target US consumer health – we find personal income has moved counter to spending since May. Debt increases during a period of job losses and downgrades could lead to a broad credit crisis
- We highlight several relevant corporate news/update items today (e.g. LyondellBasell takes a 50% stake in Sasol LCCP, Cabot carbon black price hikes, Dow US force majeure on US MDI, Petronas refinery sale).
- Other relevant items today range from the weakness in US spot ethylene this week, to increasing bromine prices in China, to the broad improvement in global manufacturing indicators as production fights to return to normal.
See PDF below for all charts