Daily Chemical Reactions

Here Comes The Hotstepper – Shell Begins Production In Pennsylvania, Polyethylene Market Length To Grow
November 15, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Shell, Dow, LyondellBasell, Freeport LNG, Braskem Idesa, Evonik, Westlake, Orica, Alcamare, BP, PetroChina, Aramco, Covestro, Envision, GE, Pertamina, ExxonMobil, Wood Group, Enterprise Products, Nufarm, Chevron, Keppel, Kansai Paint, Nova Chemicals, LG Energy Solution, Compass Minerals, Highfield Resources, Equinor, Sulzer Chemtech, Toyo Engineering, Tosoh, BASF, KBR, Chlorum Solutions, Ecolab, Amazon

Daily Chemical Reaction

Here Comes The Hotstepper – Shell Begins Production In Pennsylvania, Polyethylene Market Length To Grow

Key Points:

  • The US ethylene production cost advantage has increased in 4Q relative to Asia peers, with depressed co-product values in Asia markets being a significant driving force.
  • NW European natural gas prices have increased recently relative to US levels amid renewed supply concerns. We also highlight Marcellus natural gas price trends.
  • Shell announces the start-up of its Monaca, Pennsylvania petrochemical complex, with its 3.5bn lbs. of polyethylene (PE) expected to ramp to full production by 2H23.
  • We discuss the recent improvement in recycled resin prices, though they are notably lower YoY, and highlight a broadening of advanced recycling technologies.
  • Global container freight rates, on avg., held up WoW. The US producer’s price index (PPI) posting for October, similar to the CPI result, grew but not as much as expected.

See PDF below for all charts, tables and diagrams

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