Daily Chemical Reaction
Moving On Up – 3Q Sector Results Continue to Beat Street Views, East Side Outlooks Deserve Scrutiny
- Chemical sector 3Q results and 2H20 updates continue to beat stale Street views that in many cases reflect a reluctance to take any action or risk amid historic uncertainty – we approach fresh broad-based optimism with concern.
- We note numerous corporate and sector items (e.g. PPG, Ingevity, Phillips Carbon Black, Hexcel & Trinseo business updates; Tokai Carbon, MEGlobal & LyondellBasell price hike efforts; global outage & expansion news, etc.)
- Other items mentioned today range from rising demand for brominated flame-retardant demand from EVs, to more items supporting global tightness in PVC, to our walk around the sector highlighting numerous relevant news.
See PDF below for all charts