Daily Chemical Reaction
Connecting The Dots With Different Plots – 3Q20 Chemical Sector Results & Broadening Data Sets
- Chemical sector 3Q20 results broadly reflect QoQ demand growth, lean supply chains and higher per-unit margins – we foresee many of these trends holding for most of 4Q before fundamental headwinds begin to multiply.
- We highlight several corporate news/update items worth note today (e.g. Alpek, Axalta, Dow, Sasol, Sika, Valero and Yansab 3Q20 updates, etc.).
- Other items of note today range from Asia butadiene and butanediol price strength, to WoW reductions in US refining operating rates and rail traffic, to multiple global petrochemical facility start-ups targeted for mid-to-late 4Q20.
See PDF below for all charts