Global Chemical Update – Thunderstruck

The Weekly Catalyst

Global Chemical Update – Thunderstruck

Key Points:

• US polymer prices, on average, reflect a growing premium relative to Asia WoW. We highlight three major chains (PE, PP, and PVC) and see US supply staying tight in early 1H21 before global availability significantly improves.
• Other items highlighted in this report: Ex-US naphtha values rise relative to US ethane WoW; US HDPE integrated margin (USGC ethane fed) near a five-year high; US spot propylene grows WoW, increases compared to Asia; US methanol producers benefit from rising Asia values and lower costs WoW.

See PDF below for all charts and tables