Daily Chemical Reaction
When The Levee Breaks – US Methanol Margin Pressure Inevitable; PE & PP Thoughts; Other Items
- USGC per unit methanol margins have faced downward pressure since March – we see more downward pressure ahead and present our argument.
- Other commodity items discussed today include US polyethylene contract nominations for June and a sizable USGC 2H20 polypropylene addition.
- Other items of note today range from oil-and-gas commentary, to multiple supply chain items worth note, to China demand lagging expectations.
See PDF below for all charts referenced