While we see some residual strength in several markets, and note the Dow push for higher MDI pricing, the European ethylene price move lower may be a more important red flag. Rail-car data below shows that logistics are getting back to normal in the US. The upward momentum in US polyolefins spot pricing is losing steam and prices in China are weaker. Read more in our Thursday Daily Report
Source: AAR, Bloomberg, C-MACC Analysis, April 2021
