not all is doom for the industry. while there are negative headwinds and downside, there is also a bright side of naphtha price. the forecast for naphtha price for the next 12 months is at the range of 450 usd/t. yesterday was at 500/t and it dipped to 465 usd/t today. as long as naphtha stays low, it will help it's margin. fcf for lctitan after Q2 is at $250M compared to $211 for the whole of 2018.

I guessed the low resin (PE and PP) ASP price which is at decade low will be a new norm for the industry. most petrochem plants are still running at full capacity as there will be large buyers looking to grab the low asp. One difficult industry to invest :)