1st Topic of the Week: Rising rates, falling margins, and investor caution redefine energy strategy—who adapts fast enough: capital-heavy cleantech, margin-thin chemicals, or oil firms
General Thoughts: The global petrochemical cost curve has significantly flattened YoY, adding risk to already oversupplied markets, and sector restructuring and consolidation activity is gaining
General Thoughts: Global polymer market demand has fallen short of most expectations in 1Q25, causing plant shutdowns in Europe and SE Asia, while low-cost areas
The Weekly Catalyst Bittersweet Symphony – Global Spot PP Prices Fall, While US Spot PE & PVC Prices Reflect Support Relative To Europe & Asia!
General Thoughts: We discuss low-cost global polyolefin producers painting a positive picture of demand through 2029; however, global supply growth outpacing demand is the major
Polymer Market Trends: Global spot polymer prices were mixed last week, mostly trending with feedstock costs. US-integrated polymer margins saw the most strength, and Europe
Chemical Market Trends: US integrated spot ethylene margins and US spot PDH unit margins increased last week as costs declined while ethylene and propylene prices
General Thoughts: North American chemical producers close a better-than-expected 1Q24 to rising concerns with greater production and falling margins ahead – cost curve support in
General Thoughts: US PE prices have risen in March, driven by factors outlined in our February polymer price expectations report, and our near-term view of
The significant chemical production cost differences between Europe and North America are present in producer 2H23 updates – we highlight Ammonia and Chlor-Vinyls as prime
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