Daily Chemical Reactions

Gimme Shelter – Laura Reincarnated As Delta, Global Chemical Consumer Helter Skelter
October 8, 2020
Commodities Mentioned:
Ethylene, Propylene, Benzene, Styrene, Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Chlorine, Caustic Soda, Propylene Oxide, Crude/Naphtha, Natural Gas/NGLs, Lithium, Nickel
Companies Mentioned:
LyondellBasell, OMV, Nippon Sokubai, DSM, Acuity Brands, Solvay, Advanced Petrochemical, SK Gas, Arkema, Braskem, Givaudan, Hexion, Petron, Shrieve, CLP Chemicals, Westlake, Olin, Shintech, Formosa, OxyChem

Daily Chemical Reaction

 

Gimme Shelter – Laura Reincarnated As Delta, Global Chemical Consumer Helter Skelter

             

Key Points:

  • This report focuses on a few items supporting global commodity chemical prices near-term (Hurricane Delta adding to USGC production issues and the likelihood of more global gov’t stimulus) and a few key items holding up our cautious medium-term view (slowing wage growth and production returning).
  • We highlight several corporate news/update items worth note (e.g. OMV 3Q20 trading update, LyondellBasell FM declaration on PO and derivatives, Nippon Shokubai profit forecast update, Acuity Brands F4Q results, etc.).
  • Other items of note today range from Asia benzene production, to multiple European chemical market shifts, to Solvay stepping-up sustainability efforts.

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