The Weekly Catalyst
Global Chemical Update – Blaze of Glory
- We find continued strength in global petrochemical spot markets WoW amid production uncertainties (i.e. Hurricane Delta, etc.) – we think the focus now will incrementally shift from the surge in polymer prices in 3Q20 to the ability to hold current levels as global production surges in response.
- Key items this week include: China polyethylene price support WoW; avg. China PVC and caustic soda values increasing WoW; global spot methanol markets seeing support as US costs surge; and strength in Asia polypropylene.
See PDF below for all charts and tables