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