The document provides an outlook for the Chemicals sector in 2018, highlighting the continued benefit of low-cost feedstocks for commodity producers, leading to solid margins similar to 2017. The DB HY Chemicals Index is performing well, with a Market Perform rating. Recommendations include Trinseo and NOVA Chemicals bonds. U.S. ethylene margins are expected to remain strong through 2020. Global GDP is forecasted to grow modestly in 2018, with positive economic catalysts from tax reforms and the EU-UK exit deal.
doj/DataSet10/EFTA01385295.pdf
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