The Weekly Catalyst
- Global chemical production costs have increased relative to monomer and polymer prices during the past thirty days – the most severe regional producer margin pressure occurred in North America.
- US ethylene production based on USGC ethane feedstock remains cost-advantaged relative to Asia and NW Europe. Still, its margin hit a YTD low last week and is nominally profitable on a spot basis.
- On average, global polymer prices reflect downward pressure, with spot polypropylene reflecting the most weakness last week, while spot polyvinyl chloride reflected strength across all major regions.