The Weekly Catalyst
Global Chemical Update – Across The Universe
- Avg. Asia integrated naphtha-based spot ethylene crackers are losing money, while US integrated ethane-based margins are notably higher. We flag near-term trends before a mega-cycle likely develops.
- We discussed investment trends in China in our recent Sunday Thematic. Though we find investment chasing local growth, we believe that inadequate global chemical growth Capex is positioning the industry for a mega-cycle.
- 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