Daily Chemical Reactions

Sway My Way – Global Chemical Market Imbalances Lessen, Clean Energy & Renewable Ambitions Grow
October 18, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, LyondellBasell, Borealis, BP, Archaea Energy, Shell, Nature Energy, Sasol, ArcelorMittal, Stepan, Unipar, Braskem, Sabic, OQ Chemicals, Technip Energies, Arkema, BASF, Sinopec, Sipchem, Celanese, GCR Group, Phillips 66, Mission Clean Energy, Wafra, Continental Resources, ExxonMobil, Chemours, Sumitomo Bakelite, Mitsui Chemicals, GS Caltex, BAE Systems, LG Chem, Advent, Wilbur-Ellis, Mueller Industries, Siemen Gamesa, Petronas, Primergy Solar, NextLoop, Nel Hydrogen

Daily Chemical Reaction

Sway My Way – Global Chemical Market Imbalances Lessen, Clean Energy & Renewable Ambitions Grow

Key Points:

  • The global polymer market is showing signs of moving toward a more normal balance as regional disconnects lessen, but the upcoming winter reflects significant risk.
  • NW European natural gas prices have fallen considerably relative to US levels, and we discuss a few petrochemical production cost curve developments in early 4Q22.
  • We highlight recent movements in NW Europe polymer and ethylene values relative to US levels, as we foresee more concerns with demand than global supply in 4Q22.
  • We discuss the BP acquisition of Archaea Energy to further its clean product growth ambitions, Dow’s circular and recycled product targets for 2030, and other updates.
  • Global container freight rates on avg. continue to trend toward 2019 levels. Though a few pockets reflect near-term support, indications of a global slowdown are rising.

See PDF below for all charts, tables and diagrams

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