The Weekly Catalyst
Global Chemical Update – Under Pressure
Key Points:
- US polyethylene integrated ethane margins remain near historic highs, while Asia ethylene values have fallen relative to USGC ethane. US ethylene derivative margins in 2H21 face pressure from more supply and higher costs.
- Butadiene values rise globally WoW, while ethylene values decrease in Western markets but increase in Asia. Propylene also held up WoW in most major regions. Western markets continue to reflect sizable premiums to Asia.
- Other global commodity trends flagged in this report comprise monomer, polymer, and feedstock indicators relevant to gauging sector profitability.
See PDF below for all charts, tables, and diagrams