For those who are too young to remember, OxyChems’ 30-year comment is because the company owned ethylene capacity in the late 80s and early 90s and would have made more during that extreme ethylene peak. This is likely the most money that the stand-alone vinyls business has made. The strength in the PVC could see some reversal if the inflation pressure remains high and housing-related spending slows, but the strength in the caustic market could persist, regardless of economic growth because of structural shortages and the challenges with imports.
