Daily Chemical Reactions

Mixed Emotions – Global Polymer Markets Begin to Show Varied Patterns As Fundamentals Surface
November 17, 2020
Commodities Mentioned:
Plastics (PVC, PP, PE, PET, etc.), Ethylene, Chlor-Alkali, Isocyanates, Polyols, Benzene, PTA, Methanol, Crude/Naphtha, Natural Gas/NGLs
Companies Mentioned:
3M, Walmart, Home Depot, Kaneka, Westlake, OxyChem, Formosa, Shintech, Casper, BASF, Covestro, Dow, LyondellBasell, ExxonMobil, CP Chemical, Sasol, Aramco, Avient, Braskem, Chemtrade, DIC Corp., OQ Chemical, Lummus Tech., Nova Chemicals, PTT Global, Navigator Holdings, Tianqi, Albemarle

Daily Chemical Reaction

 

Mixed Emotions – Global Polymer Markets Begin to Show Varied Patterns As Fundamentals Surface

 

Key Points:

  • Improving demand alongside global supply chain dislocations/production issues have spurred polymer prices higher since 2Q – we discuss the product chains that we see staying stronger for longer amid initial signs of divergence.
  • We note multiple relevant corporate items (e.g. Casper, DIC Corp., Home Depot, Kaneka, Navigator Holdings and Walmart 3Q results; a few global operational updates and several sector price hike announcements, etc.)
  • Other items mentioned range from our discussion of global PVC strength (see Ex. #1), to our view of the US HDPE market WoW (Ex. #2 & #3), to our view of several market indicators/trends in Europe, Asia and the Americas.

See PDF below for all charts 

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