China’s latest retaliatory tariff threats increase the risk of a supply chain reset, holding the potential to realign global petrochemical flows structurally, erode US margins,
General Thoughts: US spot ethylene and propylene production margins significantly strengthened in July, and we discuss why we see more risk in US spot propylene
Polymer Market Trends: North American polymer production margins, on average, rose WoW, helped by export market support and an improved cost position. US spot PE
Chemical Market Trends: We discuss the improvement in US spot ethylene and polymer-grade propylene during the past thirty days relative to feedstock costs, a plus
General Thoughts: US polymer prices have not reacted as aggressively to Hurricane Beryl and USGC production issues as its base chemical markets, and we discuss
Despite being near multi-year lows, recent methanol price support favors investment in its production growth and the decarbonization of its product chain to serve expanding
Our concerns around the fate of the global chemical industry for 2023 are now consensus, and while we are looking for what could go right
North American polypropylene (PP) prices face downward pressure into year-end as global production and logistic improvements position supply to outpace demand.
US refinery margins have
Litigation is gaining momentum with those looking to make a Climate Change statement and law firms who see both opportunity and deep pockets.
Lobbying
US industrial health indicators support domestic chemical demand growth in 2022 and remain in favor of reshoring more manufacturing. We discuss US industrial production trends
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