Feedstock Flood Expected

The resumption of normal export rhythms from Kuwait, Saudi Arabia, and the UAE is expected to add nearly 4 million tons of naphtha back to global markets by June. Traders are aggressively liquidating long positions in anticipation.

Cracker Margin Recovery

For the first time in months, steam crackers in South Korea and Japan are seeing a path to sustainable profitability. This is expected to drive higher utilization rates and lower polymer prices for manufacturers by summer.