Daily Chemical Reactions

Take It To The House – MDI Production Disruptions Mount, PP Contracts Gain Focus
October 16, 2020
Commodities Mentioned:
Methylene Diphenyl Diisocyanate (MDI), Benzene, Propylene Oxide, Toluene Diisocyanate (TDI), Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polycarbonate (PC), Polyvinyl Alcohol (PVOH), Propylene, Bitumen, Naphtha/Crude, Natural Gas/NGLs
Companies Mentioned:
Covestro, Huntsman, Dow, BASF, Wanhua, LyondellBasell, Arlanxeo, Mitsubishi, Borealis, CarbonLite, Celanese, Clariant, Colines, DuPont, Evonik, ExxonMobil, Linde, Shell, Milliken, Phillips 66, PQ Group, SABIC, Sekisui, Total, Trinseo, Wacker

Daily Chemical Reaction

 

Take It To The House – MDI Production Disruptions Mount, PP Contracts Gain Focus  

 

Key Points:

  • 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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