Daily Chemical Reactions

Mystic Of The East – Western Markets To Likely Face More Price Headwinds Than Asia Again In 2023
January 12, 2023
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
BASF, OMV, Borealis, Dow, Covestro, Huntsman, Wanhua, Univar, Brenntag, AkzoNobel, Trafigura, Hexion, Olin, Mitsui, Chemours, Advent Technologies, FREYR Battery, ExxonMobil, LyondellBasell, Westlake, H.B. Fuller, Oxy, BP, Yara, Nuvera, BYD, Stolthaven, Resonac Holdings, Provaris, Norwegian Hydrogen, Posco Chemical, Dongseo Chemical, Samyang, KB Home, TSMC, Alcoa

Daily Chemical Reaction

Mystic Of The East – Western Markets To Likely Face More Price Headwinds Than Asia Again In 2023

Key Points:

  • Western market consumers faced much greater price inflation than those in Asia in 2022, and most expect it to occur again in 2023. A plus for Asia relative to Europe.
  • We discuss EIA crude and natural gas forecasts for 2023/24 and ongoing trends supporting the case for oil and gas Capex to stay limited despite currently high returns.
  • We highlight global MDI-to-benzene spreads in light of BASF moving forward with its US MDI expansion and flag global PDH margins as China seeks more LPG imports.
  • We discuss the IEA energy technology perspectives report highlighting its outlook for a significant shift in oil demand from transport fuels to petrochemicals through 2050.
  • We highlight the US CPI posting for December, show EIA forecasts for consumer headwinds from diesel and gasoline prices to lessen, and flag a few corporate updates.

See PDF below for all charts, tables and diagrams


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