The Weekly Catalyst

Global Chemical Update – Waiting To Exhale
February 21, 2023
Companies Mentioned:
Dow, LyondellBasell, Ineos, Westlake, Oxy, BASF, CF Industries, 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 – Waiting To Exhale

Key Points:

  • The European petrochemical industry is most at risk of further shutdown from North American competition – the production cost curve supports this move, and producers are now taking action.
  • Brent Crude values fell WoW but not as much as US natural gas, pushing the oil-to-gas ratio to a multi-year high and most petrochemical indicators in favor of a revival in North American production.
  • Global spot polymer prices, on average, WoW were marginally higher. However, we find strength in the US relative to Asia and Europe, suggesting US production rates remain below sub-optimal levels.

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