The Weekly Catalyst

Global Chemical Update – Over the Hills and Far Away
November 7, 2022
Companies Mentioned:
Covestro, Huntsman, Dow, BASF, Wanhua, ExxonMobil, Westlake, LyondellBasell, CP Chemical, Formosa Plastics, Enterprise Products, Flint Hills Resources, Nutrien, CF Industries, LSB Industries
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 – Over the Hills and Far Away

Key Points:

  • Covestro will put its world-scale MDI-polyurethane project on hold and keep its plant location considerations open. However, Europe appears ruled out, and it seems to favor Asia over the US.
  • USGC ethane values increased the most WoW among global ethylene feedstocks. USGC natural gas also increased WoW relative to Brent Crude, reflecting a flatter global chemical production cost curve.
  • US spot polymer-grade propylene increased relative to USGC propane values WoW, a welcomed plus for US PDH unit operators following a notable margin decline during the past six months.
  • Corn, soybean, and canola prices were mostly unchanged at high levels WoW. While global ammonia prices were also generally unchanged, higher natural gas prices pinched producer margins.

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