The Weekly Catalyst

Global Chemical Update – Stay Selective
October 17, 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:
Formosa Plastics, LyondellBasell, Braskem, TotalEnergies, Pinnacle Polymers, ExxonMobil, Nutrien, CF Industries, Koch Fertilizer, LSB Industries

The Weekly Catalyst

Global Chemical Update – Stay Selective

Key Points:

  • US ammonia prices held up WoW, while natural gas prices fell, spurring WoW strength in domestic margins. The global cost curve favors integrated US fertilizer margin support at elevated levels.    
  • Global polymer prices were unchanged on average WoW. US spot polypropylene (PP) reflects the largest price drop WoW relative to overseas markets, having fallen ~45% during the past three months.
  • US propylene prices declined the most WoW among global monomer values, falling 11% WoW to reflect a 42% lower level during the past three months. US propane prices also declined WoW.
  • Brent Crude and Ex-US Naphtha prices decreased more than US natural gas and USGC ethane values WoW – a negative development for North American chemical producers relative to overseas peers.

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