Daily Chemical Reaction
Positive Sentiment Gains Steam With Crude – Most 2H20 Sector Headwinds Remain Stiff; Other Items
- Brent Crude Oil prices are rising relative to natural gas values – a plus for the US chemical industry and likely to quicken production restarts into 2H20.
- We provide takeaways from the Braskem 1Q20 release and earnings call – we discuss management Q&A comments about petrochemical oversupply.
- Other items of note today range from oil-and-gas commentary, to efforts to re-shore some US supply chains, to the May US ethylene contract settlement.
See PDF below for all charts referenced