The Weekly Catalyst

Global Chemical Update – Embraceable You
August 8, 2022
Report Sections:
Feedstocks & Energy, Global Ethylene Cracker, Spot Profit Analysis, Ethylene & Propylene, Price Trends, Polyethylene Review, Other Relevant Global Polymer Trends, Other Relevant Global Chemical Trends, Global Chemical Data Sheets, Flow Charts & Other Ancillary Data
Companies Mentioned:
Westlake, Formosa Plastics, Shin-Etsu, Occidental, Braskem, LyondellBasell, TotalEnergies, ExxonMobil, Ineos, Nova Chemicals, Enterprise Products, Nutrien, CF Industries, LSB Industries, Mosaic, Corteva

The Weekly Catalyst

Global Chemical Update – Embraceable You

Key Points:

  • U.S. polymer price premiums relative to Asia are falling amid rising availability, and more pressure is likely ahead. U.S. polyvinyl chloride (PVC) spot values fell the most compared to Asia WoW.   
  • Ex-US naphtha values declined relative to ethane values WoW, modestly flattening the global ethylene cost curve at the feedstock level. Brent crude prices also dropped relative to U.S. natural gas.   
  • U.S. spot propylene and ethylene values increased WoW relative to N.W. Europe and Asia. This trend is a plus for U.S. merchant sellers but negative for buyers amid derivative product price erosion.
  • Macro indicators for farm-input sellers were mixed but still broadly favorable WoW. Corn, soybean, and canola prices fell a bit WoW, and the price ratio between soybeans and corn improved.

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