Daily Chemical Reactions

Home Sweet Home – Construction & Home Product Markets Remain Tasty; US PP Contracts Gain Focus   
November 20, 2020
Commodities Mentioned:
Isocyanates, Polyols, Bisphenol A (BPA), Plastics (PP, PE, PVC, Ethylene, Propylene, Hydrogen, Crude Oil/Naphtha, Natural Gas/NGLs
Companies Mentioned:
Koppers, Home Depot, Huntsman, Dow, BASF, CP Chem, Covestro, Wanhua, Westlake, OxyChem, Shintech, Formosa, Olin, LyondellBasell,Total, Braskem, AkzoNobe,BASF , Petronas, Linde, ENEOS, Mitsubishi Chemical, Shell, Orica, Nexus, Sinochem, Vantage, GM, Odfjell

Key Points:

Daily Chemical Reaction

 

Home Sweet Home – Construction & Home Product Markets Remain Tasty; US PP Contracts Gain Focus     

  

Key Points:

  • We discuss two key items today: 1) the positive momentum in US existing home sales which adds further support to our positive construction & home product thesis; & 2) the viability of US polypropylene contracts upticks to close the year.
  • We discuss numerous corporate items (e.g. AkzoNobel, Linde, Orica, Shell & Sinochem updates; LyondellBasell, Formosa & Braskem price hike news; multiple industry capex and restructuring announcements, etc.).
  • Other sector items worth note range from the recent spot market strength in China petrochemicals, to the rising price of Brent Crude relative to USGC Natural Gas, to the acceleration of GM electric vehicle ambitions.

See PDF below for all charts 

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