Daily Chemical Reactions

Paradise By The Dashboard Light – BD Derivatives In Motion, No Holes In The Rubber Story (Yet)
November 13, 2020
Commodities Mentioned:
Butadiene, Styrene Butadiene Rubber (SBR), Bromine, Methanol, Ethylene, Propylene, Butadiene, Plastics (PP, PE, PVC), Palm Oil, Crude Oil/Naphtha, Natural Gas/NGLs
Companies Mentioned:
Adeka, Braskem, TPC Group, LyondellBasell, Bridgestone, Michelin, Kraton, Satorp, Nissan Chemical, ICL, Albemarle, Lanxess, Elementis, Minerals Tech., Elkem, Evonik, Linde, ExxonMobil, Formosa, Galaxy Surfactants, Godrej Industries, Givaudan, Novozymes, Nippon Paint, Satorp, Tokyo Ohka Kogya

Daily Chemical Reaction

 

Paradise By The Dashboard Light – BD Derivatives In Motion, No Holes In The Rubber Story (Yet)

 

Key Points:

  • Asia Butadiene (BD) strength is being led by surging global derivative (notably tire input) demand – we discuss the Bridgestone 3Q release, risks with the COVID resurgence and relevant global ratios to frame our view.
  • We discuss numerous corporate news/update items (e.g. Nissan Chemical, ICL, Adeka, Braskem & Satorp business updates; more sector M&A news; multiple strategic reviews and capital expenditure announcements, etc.).
  • Other sector items worth note range from China bromine prices reflecting an upward trend, to upticks in US ethylene and propylene to close the week, to the Port of Long Beach reporting record container volume in October.

See PDF below for all charts 

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