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.

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