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LYB - LyondellBasell Sees Early Signs Of The Cyclical Upswing
LyondellBasell Industries NV Class A
2024-05-28 12:45:41 ET
Summary
LyondellBasell Industries may experience marginal tailwinds in the next few years due to modest price and volume improvements driven by plastics inventory restocking.
The petrochemical industry is facing pressure from surplus and new capacity coming online in China, which may continue to pressure prices in the near-term.
LyondellBasell is focusing on bolstering its recycling assets, but producing with recycled polymers may not be as economical in the US as it is in the EU.