Resilience Amidst Market Challenges

Despite broader market challenges, several sectors demonstrated resilience and growth. The polyethylene market thrived due to sustained demand for single-use plastics, highlighted by increases in sales within the home and personal care segment from companies like Alpek, Procter & Gamble, and Unilever. Seasonal factors also contributed, as more outdoor activities led to higher consumption of bottled drinks and takeaway food, increasing reliance on single-use plastics. Additionally, the electronics sector, particularly in advanced materials and semiconductors, saw strong demand driven by growth in electronic goods. Conversely, reduced discretionary spending impacted fuel sales, with companies like Marathon and Valero experiencing declines in gas sales due to a slower driving season, adversely affecting refining margins and chemical feedstock supply.