The Weekly Catalyst

Global Chemical Update – Stone Rolling
September 12, 2022
Companies Mentioned:
Methanex, Southern Chemical Corporation, Natgasoline, LyondellBasell, Mitsui Chemicals, Ineos, Celanese, Chemtrade
Commodities Mentioned:
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

The Weekly Catalyst

Global Chemical Update – Stone Rolling

Key Points:

  • Weakening chemical derivative demand is working against the ability to raise prices in some product chains to offset higher input costs YTD. We discuss global methanol and chlor-alkali markets.  
  • US natural gas and USGC ethane fell relative to Brent Crude and Ex-US naphtha values WoW, providing cost relief to US chemical producers that outpaced downstream price drops in some chains.
  • We discuss the potential for further global supply chain disruptions from Typhoon Muifa in Asia and a railroad strike in the US, which could spur higher prices in some areas due to lower volume.
  • US ethanol margins declined WoW, corn prices increased relative to soybeans, and fertilizer prices rose relative to feedstock costs. Our constructive view of the agriculture sector remains intact.

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