Daily Chemical Reactions

Over The Hills But Not Far Away – Lean Supply Chains & Outages Mask Production Potential
October 23, 2020
Commodities Mentioned:
Ethylene, Propylene, Benzene, Styrene, Polyethylene, Polypropylene, Polyvinyl Chloride, Chlor-Alkali, Isocyanates, Crude/Naphtha, Natural Gas/NGLs, Butadiene, Styrene
Companies Mentioned:
Airbus, Asian Paints, Borealis, BorsodChem, BP, Celanese, Zhejiang Satellite, Dow, HEXPOL, Kurita Water, Lonza, Lummus, Mattel, Mitsubishi Chemical, Sonoco, Posco Chemical, SABIC, Saras, Sasol, Sinopec, Ube Industries, Valero, BYD, Hino Motors

Daily Chemical Reaction

 

Over The Hills But Not Far Away – Lean Supply Chains & Outages Mask Production Potential

 

Key Points:

  • US chemical production improved on a month-to-month basis in 3Q20 but levels remain lower YoY – we discuss the current production setting alongside multiple 3Q20 sector earnings report to display rising commodity price risk.  
  • We flag several corporate news/update items worth note today (e.g. Air Liquide, Dow, Hexpol, Mattel, Sonoco, and Ube Industries 3Q updates, etc.).
  • Other items of note today range from Asia butadiene and styrene price strength, to a flattening of the global petrochemical production cost curve WoW, to global government stimulus efforts to support consumer health.

See PDF below for all charts

Contact us to subscribe to our services and gain access to full content.