The Weekly Catalyst
Global Chemical Update – Steamroller Blues
- USGC commodity petrochemical per-unit profit margins reflect significant YoY strength on paper. We provide key examples of recent price momentum globally and comment on likely profit trend shifts poised to develop in 2Q.
- Other items highlighted in this report: Ex-US naphtha values rise relative to USGC ethane WoW; USGC spot ethylene and PGP values hold elevated levels; Positive momentum in China spot polymer prices starts to subside.
See PDF below for all charts and tables