Daily Chemical Reactions

Dancing On The Ceiling – US spot PE Moonwalks Above Europe & Asia; Meeting Sinopec Tomorrow 
October 13, 2020
Commodities Mentioned:
Crude/Naphtha, Natural Gas/NGLs, Ethylene, Propylene, Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Chlor-Alkali, Maleic Anhydride, Styrene, Propylene Oxide, Hydrogen, Epoxy Resin, Lithium
Companies Mentioned:
Sinopec, Dow, LyondellBasell, CP Chemical, ExxonMobil, Westlake Chemical, SABIC, BASF, Celanese, Elkem, Fluor, Kraton, Lummus, Sasol, Nouryon, Shell, SK Innovation, Siemens, Sinopec, SQM, Tatneft, Wacker Chemie

Daily Chemical Reaction

 

Dancing On The Ceiling – US spot PE Moonwalks Above Europe & Asia; Meeting Sinopec Tomorrow 

Key Points:

  • US avg. high density polyethylene spot values currently reflect a premium to avg. levels in Asia and Europe (Ex. #3) – while US producers are now dancing, we foresee a setting of blown speakers and twisted ankles ahead.
  • We highlight numerous corporate and sector items of note (e.g. thoughts before our meeting with Sinopec tomorrow; BASF polyol price hikes; outage updates in-and-around Lake Charles; Wacker Chemie expansion news, etc.)
  • Other items worth mention today range from strength in China styrene spot values, to recent global petrochemical cost curve developments, to a walk around the globe highlighting sector and end-market demand news.

See PDF below for all charts

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