In our latest webinar, Dominick Russo and Michael Greenberg break down what actually happened:
- Why PE and PP spiked hard in early April on Iran war fears, then peaked almost as fast as they rose
- How China's surprise re-export surge (up 479% year-over-year in April) crushed the export rally US producers were counting on
- Why producers build a 920-million-pound inventory surplus when a drawdown was expected
- The early signs of a Q3 bottom, and why PE contracts are owed a decrease while PP/PGP looks poised to rise
- What to watch heading into Q3: Iran, the Red Sea, and European demand
