Daily Chemical Reactions

Counting Cards – Chemical Producers Broadly In The Hold Position, Evaluating The Hits Ahead
November 4, 2020
Commodities Mentioned:
Ethylene, Polyethylene, Benzene, Styrene, Acrylonitrile, Propylene, Specialty Waxes, Crude/Naphtha, Natural Gas/NGLs
Companies Mentioned:
LyondellBasell, Shell, Nova Chemical, CP Chem, Celanese, OxyChem, Dow, Brenntag, Avient, Borealis, Formosa, Chemours, Evonik, Koppers, Mitsubishi Chemical, Lummus, Polynt, Sasol, Sibur, Solvay, Tokai Carbon, Trecora Resources, Westlake, Williams, Aramco, Avery Dennison, Baker Hughes, BMW

Daily Chemical Reaction

 

Counting Cards – Chemical Producers Broadly In The Hold Position, Evaluating The Hits Ahead               

 

Key Points:

  • Varied views of 4Q20 seasonal demand start to emerge as the industry moves towards the end of 3Q reporting season – in our view, this implies downside risk to some bullish 4Q views given early in the reporting season.
  • We highlight several corporate news/update items worth note today (e.g. Borealis, Brenntag, Koppers, Mitsubishi Chemical, Trecora Resources, etc.).
  • Other topical items noted today range from the latest US ethylene contract settlement and derivate spreads, to sector implications from refinery margin pressure, to varied views of sector capacity growth amid demand uncertainty.

See PDF below for all charts 

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