Daily Chemical Reaction
Odd Price and Margin Moves Everywhere, But the Cost Curve Frames The Fundamental Path; Mid-Week Observations
- We highlight interesting commodity movements mid-week that range from Asia ethylene strength to widening China acetic-to-methanol spreads. We see this as noise, with consumer spending and the cost curve the real signal.
- We provide our takeaways from several corporate releases (Ube Industries, ICL, Kansai Paint, Brenntag, Equate and Ferro).
- Other items of note range from oil-and-gas commentary, to European integrated PE margin compression, to rising Europe EV market share.
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