The Weekly Catalyst
Global Chemical Update – All Along The Watchtower
- Ex-US polymer values broadly reflect strength relative to US values WoW – we view this trend as positive for US commodity producer profit support into year-end because of the significant volumes of US exports, and the relative equity performance of this chemical sub-sector.
- Other items highlighted in this report: recent US Dollar weakness is a plus for US commodity chemical producers; the global chemical production cost curve steepens further WoW; US PE spot values fall relative to Asia WoW; Asia & US PVC values hit five-year highs (again); US methanol rises WoW
See PDF below for all charts and tables