The Weekly Catalyst
Global Chemical Update – The Flattest Cost Curve Ever! Very Bad News In A Weak Demand Scenario
- The global petrochemical cost curve further flattened WoW, and with demand falling it is not obvious where the necessary production cutbacks will come. Possible that all margins fall close to zero everywhere in 2Q20.
- We discuss propylene and ethylene market trends – two chemicals that look likely to face further pressure despite historic low USGC price points.