The Weekly Catalyst

Kick Start My Heart – Global Chemical Update
July 13, 2020
Companies Mentioned:
Dow, LyondellBasell, Westlake, CP Chem, Sasol, Formosa, Axalta, HB Fuller, Methanex
Commodities Mentioned:
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

The Weekly Catalyst

 

Global Chemical Update – Kick Start My Heart   

Key Points:

  • We find upward momentum in polymer markets despite a recent cost curve flattening, falling Asia ethylene and sizable production upticks in the wings – the set-up reminds of the Motley Cru video “kick start my heart” that cheers on drivers to stomp the gas/push limits despite the likely wreck ahead.
  • We discuss the widening PE-to-ethylene spreads globally, recent upticks in US propylene and benzene, and the WoW drop in US methanol spot prices.
  • It is increasingly hard to reconcile this increased polymer “blood flow” with the sharp resurgence in COVID and the more conservative macro forecasts that it is generating – note the IEA discussion from our Sunday Recap

See PDF below for all charts and tables 

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