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US spot petrochemical prices softened last week as the Iran risk premium unwound, reducing export demand; Gulf Coast operational issues limited further downside. Ethylene fell 4.1% and polymer‑grade propylene dropped 9.8%; both remain above pre‑war l

2026-06-16

US spot petrochemical prices softened last week as the Iran risk premium unwound, reducing export demand; Gulf Coast operational issues limited further downside. Ethylene fell 4.1% and polymer‑grade propylene dropped 9.8%; both remain above pre‑war levels after Middle East shipment disruptions via the Strait of Hormuz tightened global supply and supported earlier US export flows. The price of para‑phenylene di‑n‑butyl ether, more than 70% used in synthetic rubber tires, held at 63.5 cents/lb, making it one of the most price‑resilient petrochemical products this year.

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2026-06-15

U.S. Vice President Vance said the Strait of Hormuz will remain open over the long term and is expected to permit free passage.

U.S. Vice President Vance said the Strait of Hormuz will remain open over the long term and is expected to permit free passage.
2026-06-15

Leslie Falconio, head of taxable fixed income strategies at UBS Global Wealth Management, said the U.S.-Iran agreement drove oil prices lower and strengthened Treasures, reducing pressure for Fed rate hikes. She noted two-year Treasury yields had ris

Leslie Falconio, head of taxable fixed income strategies at UBS Global Wealth Management, said the U.S.-Iran agreement drove oil prices lower and strengthened Treasures, reducing pressure for Fed rate hikes. She noted two-year Treasury yields had risen earlier because markets had priced nearly a 100% probability of a December hike; with oil retreating, markets are retracting those expectations and two-year yields are pulling back. New Fed chair Kevin Warsh will front over his first rate decision this week; Falconio expects the FOMC to formally drop an easing bias, making the policy outlook more hawkish. She still expects the Fed's next policy move will be rate cuts in 2027.
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