Daily Chemical Reactions

A Thriller Ready For The Chiller – Chemical Sector Support Factors Evaluated, More Silver Bullets Needed
October 30, 2020
Commodities Mentioned:
Plastics (PP, PE, PVC), Crude Oil/Naphtha, Natural Gas/NGLs, Ethylene, Acetone, Styrene, Hydrogen, Isocyanates, Polyols, Nylon
Companies Mentioned:
AdvanSix, Asahi Glass, Brenntag, DSM, DuPont, Eastman Chemical, ExxonMobil, Shell, LG Chem, Lotte Chemical, LyondellBasell, BASF, Huntsman, Covestro, Orbia, Westlake, Siam Cement, SK Innovation, Sumitomo, Shikoku Chemicals, Tata Chemicals, Tosoh, Tronox, Total, Univation, Dow, Honeywell, Petronas

Daily Chemical Reaction

 

A Thriller Ready For The Chiller – Chemical Sector Support Factors Evaluated, More Silver Bullets Needed

 

Key Points:

  • We find Chemical sector 3Q reports and 4Q20/1Q21 outlooks broadly optimistic based on improvement from 2Q20, we discuss our growing list of items pointing to a 1H21 setting that is likely spookier than most expect.
  • We discuss numerous corporate update items (e.g. AdvanSix, Eastman, LyondellBasell, Orbia, Siam Cement, Tosoh and other 3Q20 reports; multiple global production updates; numerous sector capex announcements, etc.).
  • Other sector items worth note range from the contraction in Asia naphtha values relative to USGC ethane, to Asia Butadiene hitting a higher price point relative level to Asia naphtha YoY, to more global hydrogen market news.

See PDF below for all charts 

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