The Weekly Catalyst
Global Chemical Update – Ahead Of The Mega-Cycle
- Western commodity price premiums shrinking as supply chains normalize will be a major theme for 2022/23. Rising notice of inadequate global growth Capex in some chains will be another, setting the stage for a profit mega-cycle.
- Global commodity chemical margins decreased WoW, adding further support to the case of a profit decline QoQ in 4Q across most product chains.
- Avg. Western polymer and monomer values were mixed relative to most declining on average Asia WoW. Falling US polymer prices are worth notice.
- Other global commodity trends flagged in this report comprise monomer, polymer, and feedstock indicators relevant to gauging sector profitability.
See PDF below for all charts, tables, and diagrams