The Weekly Catalyst

Global Chemical Update – Picture Me Rollin’
December 12, 2022
Companies Mentioned:
Dow, LyondellBasell, ExxonMobil, CP Chemical, Baystar, Shell, Oxy, Westlake, Shin-Etsu, Formosa Plastics, Orbia, Olin
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 – Picture Me Rollin’

Key Points:

  • US polyethylene (PE) contract prices recently hit 10yr highs relative to US, Europe, and Asia spot PE prices. US producer nominated contract PE upticks for December and January appear unsupported.
  • Global chemical feedstock prices fell more again WoW than end-product prices across most major markets, spurring margin support in most product chains and favoring global production upticks.
  • Global polymer prices, on average, fell WoW, with Asia polyvinyl chloride (PVC) values showing the greatest uptick, while US PE and Europe polypropylene (PP) showed the most significant price declines.
  • Macro indicators for farm-input sellers modestly fell WoW. On average, we highlight that global fertilizer prices declined WoW, and our screens display a drop in US corn prices relative to US soybeans.  

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