The Weekly Catalyst

Global Chemical Update – Landslide
October 31, 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:
LyondellBasell, Dow, Westlake, PPG, AkzoNobel, Axalta, Covestro

The Weekly Catalyst

Global Chemical Update – Landslide

Key Points:

  • The global commodity chemical sector faces considerable margin headwinds into year-end as feedstock costs rise, while we view lower volume as the primary factor poised to hurt specialty markets.
  • Global polymer prices, on average, declined WoW, with polypropylene (PP) in Asia posting the most notable decrease in value, while polyethylene (PE) prices in Europe saw the most significant increase.
  • US spot ethylene cracker margins based on ethane feedstock registered a slight profit last week, posting the highest profit level among regions, with all others reflecting losses on average.     
  • Brent Crude and Ex-US Naphtha prices held up more than US natural gas and USGC ethane values WoW – a positive development for North American chemical producers relative to overseas peers.

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