Daily Chemical Reactions

Moving On Up – 3Q Sector Results Continue to Beat Street Views, East Side Outlooks Deserve Scrutiny
October 20, 2020
Commodities Mentioned:
Bromine, Plastics (PVC, PP, PE, etc.), Chlor-Alkali, Isocyanates (TDI & MDI), Carbon Black, Styrene, Propylene Glycol, Butyl Acetate. Ethyl Acetate, Nylon
Companies Mentioned:
PPG, BASF, Albemarle, ICL, Lanxess, Westlake, Olin, Amcor, Aramco, Brenntag, Covestro, Borealis, MEGlobal, Formosa, Hexcel, Huntsman, Ingevity, Phillips Carbon Black, Orion Engineered Carbons, Lotte Chemical, Nova Chemicals, Alpek, Sabic, Tokai Carbon, Trinseo

Daily Chemical Reaction

Moving On Up – 3Q Sector Results Continue to Beat Street Views, East Side Outlooks Deserve Scrutiny 

    

Key Points:

  • 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

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