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