The Weekly Catalyst

Global Chemical Update – Taking It To The Limit
August 10, 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:
Westlake, Shintech, OxyChem, Formosa, Ineos, BASF, Total, Dow, CP Chem, LyondellBasell, ExxonMobil, Methanex

The Weekly Catalyst

 

Global Chemical Update – Taking It To The Limit

 

Key Points:

  • US polymer values on average increase again WoW relative to Asia levels, but our upstream market indicators suggest a reversal is ahead. Take notice.
  • Other items: a) USGC Ethylene rises WoW – multiple temporary drivers provide support; b) US integrated HDPE margins hit levels seen at this point last year – a wobbly situation set to face downward pressure; and c) USGC methanol surges too far, too fast per our export profit model – see #47.    
  • In the same way that June turned out to be the peak in China pricing we believe that something similar is in store for the US in many products.

See PDF below for all charts and tables 

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