Daily Chemical Reactions

Runnin’ With The Devil – 3Q20 Results Set To Beat Low QoQ Views, Outlook Miscues At Record Levels
October 9, 2020
Commodities Mentioned:
Natural Gas/NGLs. Crude/Naphtha, Ethylene, Polyethylene, Polyvinyl Chloride, Propylene, Methanol, Chlor-Alkali
Companies Mentioned:
BASF, Celanese, CP Chemical, Henkel, Kemira, LyondellBasell, PPG, Saudi Aramco, Shell, Sumitomo, Huntsman, DuPont, Lanxess, Westlake, Shintech, Formosa, OxyChem, Stolt-Nielsen, Daimler AG

Daily Chemical Reaction

 

Runnin’ With The Devil – 3Q20 Results Set To Beat Low QoQ Views, Outlook Miscues At Record Levels

 

Key Points:

  • More sector 3Q preliminary results rolled in overnight showing strength QoQ relative to Street views and commodity chemical prices/margins reflect broad-based strength during the quarter – both items lead us to expect sector optimism to remain high near-term before sustainability concerns surge.
  • We note several relevant corporate news/update items today (e.g. BASF, PPG, Kemira and Henkel 3Q updates; CP Chem circular PE news; Sumitomo investment update in auto parts; LyondellBasell PP update, etc.).
  • Other relevant items today range from the monitoring of Hurricane Delta, to OPEC views of the energy sector, to record polyethylene prices in Brazil.

See PDF below for all charts

Contact us to subscribe to our services and gain access to full content.

Request A Free Trial