Daily Chemical Reactions

Connecting The Dots With Different Plots – 3Q20 Chemical Sector Results & Broadening Data Sets
October 22, 2020
Commodities Mentioned:
Ethylene, Propylene, Benzene, Styrene, Polyethylene, Polypropylene, Polyvinyl Chloride, Chlor-Alkali, Isocyanates, Crude/Naphtha, Natural Gas/NGLs, Butadiene, Butanediol
Companies Mentioned:
Alpek, Braskem, LyondellBasell, Axalta, PPG, Sherwin-Williams, BASF, Dow, Huntsman, Wanhua, Covestro, Celanese, ExxonMobil, Sasol, REPSOL, Formosa, Johnson Matthey, Eastman Chemical, Novozymes, Sasol, Sika, Total, Westlake, Yansab

Daily Chemical Reaction

 

Connecting The Dots With Different Plots – 3Q20 Chemical Sector Results & Broadening Data Sets              

Key Points:

  • 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

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