The Weekly Catalyst

The Big Pricing (and Supply?) Catch Up – Global Chemical Update 
July 6, 2020
Report Sections:
Feedstocks & Energy, Global Ethylene Cracker, Spot Profit Analysis, Ethylene & Propylene, Price Trends, Polyethylene Review, Other Relevant Global Polymer Trends, Other Relevant Global Chemical Trends, Global Chemical Data Sheets, Flow Charts & Other Ancillary Data
Companies Mentioned:
LyondellBasell, Westlake, Braskem, Methanex

The Weekly Catalyst

 

Global Chemical Update – The Big Pricing (and Supply?) Catch Up   

Key Points:

  • Global spot markets display outsized strength in upstream/basic chemical values in the US and NW Europe relative to Asia, and global downstream price support suggests a demand pull is underway across all regions and that the supply response is as expected.
  • Our confidence has increased that significant global spot market volatility is likely for most of 2H20 before supply chains broadly normalize in 1H21. In the same way that supply cutbacks overshot in Q2 we would expect supply increases to overshoot in Q3.  

See PDF below for all charts and tables 

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