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s in Asia with U.S. costs of 13 alb vs 39 cab in Asia. We expect this cost advantage for U.S. producers to continue through the rest of the decade. Deutsche Bank's Commodities team forecasts oil prices will average $53.40/bbl (Brent) in 2017, $54.50/bbl in 2018, $56/bbl in 2019 while U.S. natural gas prices wi
3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite I Figure 5: Increased usage of cheap ethane feedstock has reduced average U.S. ethylene production costs 60% 60% .1 E 3
g this directly from us, we ask that you inform us immediately. Unless governing law provides otherwise, all transactions should be executed through the Deutsche Bank entity in the investor's home jurisdiction. Aside from within this report, important risk and conflict disclosures can also be found at https://qm.
3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite Macroeconomic fluctuations often account for most of the risks associated with exposures to instruments that promise to pa
securities issued by the companies it covers. Deutsche Bank research analysts sometimes have shorter-term trade ideas that may be inconsistent with Deutsche Bank's existing longer-term ratings. Trade ideas for equities can be found at the SOLAR link at http://am.db.com. A SOLAR idea represents a high-conviction
3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite Additional Information The information and opinions in this report were prepared by Deutsche Bank AG or one of its affilia
he foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Japan. Target prices set by Deutsche Bank's equity analysts are based on a 12-month forecast period.. Korea: Distributed by Deutsche Securities Korea Co. South Africa: Deutsche
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