Daily Chemical Reactions

China Grove – Positive Global Chemical Sector 3Q Recovery Commentary Abounds, Visibility Limited 
October 28, 2020
Commodities Mentioned:
Methanol, Butadiene, Rubber, Polyethylene, Oil/Naphtha, Natural Gas/NGLs, Isopropanol, Styrene, Benzene, Toluene, Propylene, Lithium
Companies Mentioned:
Methanex, BASF, Dow, BP, Brenntag, Celanese, Covestro, Zhejiang Satellite Petrochemical, Ecolab, Element, Emerson, Enterprise Products, Eastman Chemical, LyondellBasell, Graham Corp., Pilbara, Galaxy, Petro Rabigh, S-Oil, Shell, Sipchem, Total, Westlake, Indorama

Daily Chemical Reaction

 

China Grove – Positive Global Chemical Sector 3Q Recovery Commentary Abounds, Visibility Limited

 

Key Points:

  • We focus on sector 3Q20 result commentary today to highlight China-led chemical market strength but also low order book visibility – our confidence that an overreactive chemical production response into 2021 has increased.
  • We highlight numerous corporate news/update items worth note today (e.g. 3M, BASF, Element, Enterprise Products, Graham Corp, Emerson, etc.).
  • Other items worth note today range from the North America methanol contract push form Methanex, Dow efforts to raise isocyanate and polyol prices, and rising Asia rubber prices that is working in favor of Butadiene.

See PDF below for all charts 

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