Daily Chemical Reactions

November Rain – Indicators Increasingly Point To Production Revival, Demand Concerns Mount
November 10, 2020
Commodities Mentioned:
Plastics (PVC, PP, PE, etc.), Ethylene, Chlor-Alkali, Isopropanol, Isocyanates, Butadiene, Paraxylene, Styrene, Benzene
Companies Mentioned:
ADNOC, Agilyx, Archaroma, Ascend BP, BP, Chevron, CKPC, Daikin Chemicals, Evonik, ExxonMobil, Futerro, Greiner Packaging, Henkel, Hexion, Huntsman, IFF, Indorama Ventures, INEOS, LyondellBasell, McDermott, SABIC, Toyobo, Trinseo, Wacker, Westlake, W.R. Grace, Zhongmei Yulin

Daily Chemical Reaction

November Rain – Indicators Increasingly Point To Production Revival, Demand Concerns Mount

Key Points:

  • Chemical sector 2H20 business update and downstream news is moving in favor of production restarts despite more corporate demand and profit outlook hedging amid the COVID resurgence per our view – we discuss some product areas likely to remain tighter than others in 4Q20 and into 1Q21.
  • We note numerous corporate items (e.g. Henkel, Hexion, IFF, Indorama Ventures 3Q results; Ascend price hikes; multiple operational updates, etc.)
  • Other items mentioned range from rising US benzene relative to toluene (Ex. #6) and China styrene spot trends, to Singapore naphtha trends relative to USGC ethane (Ex. #5), to Biden support for EVs and environmental policy.

See PDF below for all charts 

Contact us to subscribe to our services and gain access to full content.