Key Points Slight utilization rate dip in 2026, tightening thereafter through 2029 Forecasting a peak post 2029, quite possibly, could come sooner if demand grows at historical trend levels We rate our ethylene-exposed...
Key Points Q3'24 EPS and EBITDA beat; slower than expected volume recovery Management's Q4’24 guidance slightly below consensus We rate Dow Inc. shares Neutral, with a 12-month target price of USD60 per...
Key Points Q2'24 EPS and EBITDA miss; slower than expected q-o-q volume recovery Management's Q3’24 guidance below consensus We rate Dow Inc. shares Neutral, with a 12-month target price of USD60 per share Summary Dow...
Key Points Widening delta between U.S. and Asian prices, relatively tepid demand, bloated Chinese inventories, and slack supply/demand point to near-term polyethylene price and margin headwinds Higher Brent crude oil prices and...