The Weekly Catalyst
Global Chemical Update – More Unstable Price Distortions
- USGC spot petrochemical values rose WoW on avg. relative to overseas markets partly on the back of Hurricane Laura – export economics suggest that this domestic strength will quickly reverse
- Other items of note: a) US HDPE prices hit a 2yr. high relative to avg. Asia levels; b) global methanol prices rise WoW, but US values rise relative to Asia and US natural gas costs outpace methanol price increases – a negative for US producers; and c) we highlight our cost-curve exhibits in Ex. 14, 15, 46 & 47.
See PDF below for all charts and tables