Ethylene mid-stream play

An esoteric idea even for TheOldEconomy investors

The four core ingredients of our material world are steel, cement, plastic, and ammonia. For the last one hundred years, they have made our comfortable standard of living possible.

Each of those four is an unsung hero. Today, I plan to change that. It's time to discuss the “World's Most Important Chemical.”This is ethylene, a core ingredient for plastics production.

So, how to play the ethylene market?

The extensive value chain includes LNG and oil producers, chemical plants, and shipping enterprises. Each industry behaves differently according to its cycle stage.

We are in the oversupply stage of the steam cracker cycle.