Ineos Quattro - comment

There are no signs of recovery in Ineos’ latest market update on the wider chemical industry. The ethylene market remains oversupplied, with heavy price discounts to the November contract price. Demand remains subdued in the propylene market, while the broader industry continues to be slow, with buyers operating on a hand-to-mouth basis and margins pressured by higher import volumes. Overall, the tone of the update remains subdued, with both prices and demand at the lower end of recent ranges.