Daily Chemical Reactions

From Lumber to PVC – A Reaction To Better Housing – A Case for US PVC Price Support
May 26, 2020
Commodities Mentioned:
Oil, Natural Gas, Caustic Soda, Chlorine, Ethylene, Polyvinyl Chloride (PVC), Polyethylene, Polypropylene, Acetic Acid, Methanol
Companies Mentioned:
Westlake, OxyChem, Formosa, Shintech, Olin, Celanese, Lanxess

Daily Chemical Reaction

 

From Lumber to PVC – A Reaction To Better Housing – A Case for US PVC Price Support; Acetyl Price Hikes; Other Items

Key Points:
  • We discuss recent US polyvinyl chloride (PVC) market price support that we view as a plus for USGC producer integrated profit into late 2Q20. An outsized positive for Westlake.
  • We note Celanese acetyl-chain price hike announcements – the upward trend in China spot values since early-to-mid April offers support in our view, but the macro backdrop does not.  
  • Other items of note today range from oil-and-gas commentary, to global butadiene price moves, to increasing hopes on an automotive recovery.

See PDF Below for all Charts 

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