Daily Chemical Reaction
Take It To The House – MDI Production Disruptions Mount, PP Contracts Gain Focus
- We discuss two major items in our research today: 1) recent global MDI production disruptions that we think will result in further price support; and 2) the viability of US producer polypropylene (PP) contract upticks in 4Q20.
- We highlight several relevant corporate news/update items today (e.g. Covestro and Evonik business updates, Celanese and Sekisui price hikes initiatives, multiple production restart announcements, etc.).
- Other relevant items range from strength in Asia LPG markets, to Linde and Shell commercializing low-carbon technology for ethylene that adds to the list of other initiatives, to the record low setting for US mortgage rates.
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