Global Chemical Update – Bright Side Of The Road

The Weekly Catalyst

Global Chemical Update – Bright Side Of The Road

Key Points:

• US integrated petrochemical producer margins remain elevated on both a YoY basis and relative to 2H20 average levels. Today, we highlight trends in China’s spot polymer markets and a few 1H21 factors that may shift in 2H21.     
• Other items highlighted in this report: Ex-US naphtha values drop relative to USGC ethane WoW; China PET spot markets tighten, while several peer large-volume polymer chains reflect weakness; US spot propylene rises WoW, while ethylene values weaken after hitting a five-year high and benzene falls

See PDF below for all charts and tables