Daily Chemical Reactions

Space Oddity – Demand & Production Factors Bring Gravity, US Polymer Prices to Leave the Capsule?  
October 14, 2020
Commodities Mentioned:
Crude/Naphtha, Natural Gas/NGLs, Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Chlor-Alkali, Isopropanol (IPA), Isoamylene, Hydrogen, Styrene Butadiene Rubber (SBR)
Companies Mentioned:
Celanese, Huntsman, Covestro, LyondellBasell, Braskem, Dow, Westlake, Angus Chemical, BASF, Berry Global, Satellite Petrochemical, Gevo, Total, Henkel, Lummus Tech., Shell, Aramco, BP, Chevron, Gulf Coast Sequestration, Hyundai

Daily Chemical Reaction

Space Oddity – Demand & Production Factors Bring Gravity, US Polymer Prices to Leave the Capsule?   

Key Points:

  • US avg. polymer prices rose ~15% MoM in September and reflect a ~24% higher level since the start of 2020 per our model – we broadly discuss recent demand, production, and cost curve trends that question price durability.
  • We highlight numerous corporate items worth note (e.g. BASF restarts TDI; Gevo collaborates with Total; Satellite Petrochemical begins ethane-fed cracker start up; Henkel invests in US advanced materials start-up, etc.)
  • Other sector items worth mention today range from positive developments in hydrogen, to US oil and gas producers seeing tighter credit terms, to global spot market polymer price strength to start the week per our price model.

See PDF below for all charts

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