The Weekly Catalyst
Global Chemical Update – Asia Upstream Loses Steam, US Chemical Profit Trains Face Downward Export Tunnel
- USGC spot ethylene and ethane values rise relative to Asia ethylene and naphtha values WoW – USGC petrochemical export profit headwinds stiffen. This is generally a leading indicator for domestic margins and profits.
- Other items of note: a) we discuss stalling US propylene spot price strength WoW – a positive for some non-integrated buyers; and b) US methanol prices decline WoW – a negative for producers facing higher US natural gas prices.
See PDF below for all charts and tables