The Weekly Catalyst

Global Chemical Update – Closing Time?
February 6, 2023
Companies Mentioned:
Dow, Westlake, LyondellBasell, Enterprise Products, Nova Chemicals
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 – Closing Time?

Key Points:

  • The global polymer market dynamic suggests producers with both European and US production will shutter European assets in favor of US imports to the region – a positive for US polymer producers.
  • US natural gas prices have plummeted relative to Brent Crude since 3Q22, pushing the crude-to-gas ratio to its highest level since early 2013 in support of the US chemical cost advantage on a global scale.  
  • US and Asia spot polymer and monomer prices moved higher WoW, while NW Europe values, which reflect premiums to the global average, declined. Polypropylene reflected the most strength WoW.

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