The Weekly Catalyst
Global Chemical Update – Hold On Loosely
Key Points:
- Integrated US commodity chemical producer per-unit profits trend into 2021 at significantly higher levels relative to the start of 2020. Today, we flag a few beneficiaries and discuss several market drivers to keep in mind.
- Other items highlighted in this report: US polymer-grade propylene (PGP) spot reflects a level at the high-end of the 5yr range; Asia spot polymer prices on average weaken relative to US levels; USGC ethane-based ethylene cracker margins hold near 2020 highs, while USGC propane-based margins retreat, based on strength in the propane market; US methanol spot decreases when compared to Asia and Europe levels WoW
See PDF below for all charts and tables