The Weekly Catalyst
Global Chemical Update – Afterglow
Key Points:
- US petrochemical producers will broadly post record profits in 2021, but late 2021 trends suggest Western profitability is decreasing into 2022.
- We discussed US manufacturing strength partly due to the reshoring of production in our latest Sunday thematic. A positive trend for US chemical producers, implying margins, not volume, as the chief 2022 sector profit risk.
- 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