Commodities Mentioned:
PVC, Polypropylene, Polyethylene, Chlor-Alkali, TDI, MDI, Acetyls, Ethylene, Paraxylene, MMA, MEG, Methanol, Butadiene, Rubber, Oil, Naphtha, Natural Gas, NGLs, Isopropanol, Styrene, Benzene, Toluene, Propylene, Lithium, Polyols, Nylon, Lithium, Acetone, Hydrogen, Polyurethanes, Industrial Gases, Polyester, Adhesives
Companies Mentioned:
Westlake, Formosa, Oxy, Shintech, Olin, Natgasoline, Methanex, Lyondell, Celanese, Mitsui, Sinopec, ARLANXEO, TPC, Altura, Borsod, BP, Brenntag, DuPont, Lanxess, Avient, Chandra Asri, Covestro, BASF, Dow, Huntsman, Tosoh, Shin-Etsu, Koppers, Sherwin, Sekisui, Ineos, Perstorp, Showa Denko, Grace, JSR, GHCL, SABIC, Zhejiang, Ecolab, Element, Emerson, Enterprise, Eastman, Graham, Pilbara, Galaxy, Petro Rabigh, S-Oil, Shell, Sipchem, Total, Indorama, Kraton, Wacker, OMV, Borealis, Arkema, Avantor, Elementis, Lucite, Albemarle, Orocobre, PetroChina, Petrobras, Repsol, Tokuyama, Versalis, Symrise, Teijin, Univar, Pertamina, AdvanSix, Asahi, DSM, Exxon, LG, Lotte, Orbia, Siam Cement, SK Innovation, Sumitomo, Shikoku Chem, Tata Chem, Tosoh, Tronox, Univation, Honeywell, Petronas, Air Liquide, Air Products, Linde, Braskem, Fuller
C-MACC Sunday Recap
A Time To Remember – Sector Updates Confirm Many Recent Trends & Dislocations, Events Next Week Could Add Volatility
- The economic and spending recovery that has characterized 3Q and October, has not been felt by all, especially outside the US and China. We note two additional causes of uncertainty: US polymer prices that suggests much higher profits than those delivered versus 3Q 2019, and very low full supply chain visibility
- We discuss the bubble that is increasingly evident in the US durables market and question its ability to drive above trend chemical demand much longer without dramatic changes in stimulus, which might now be evasive before 1Q 2021
- We conclude with a few thoughts on what we may be writing next Sunday – what sort of a week will be recapping – a contested election? – another sizable rise in COVID cases? – civil unrest that scares markets and boosts the spread of COVID?
Last week we discussed 34 Chemical and related products and 92 Companies
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