The Weekly Catalyst
Global Chemical Update – Better Again, But Durability in Question
- Spot market trends move broadly in favor of US petrochemical producer margins WoW, and we highlight strength in Asia HDPE despite falling local margins. The export arbitrage for US producers remains attractive.
- Our conversations late last week highlight rising confidence surrounding USGC spot market profit trends – we generally agree, but we see the question of spread durability mounting for US producers ahead of 2Q20 result reports.
See PDF below for all charts and tables