The Weekly Catalyst

Global Chemical Update – Levitating
February 27, 2023
Companies Mentioned:
Dow, LyondellBasell, ExxonMobil, Chevron Phillips Chemical, Westlake, Oxy, 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 – Levitating

Key Points:

  • North American integrated polymer margins have broadly increased relative to 1Q23 lows – we flag US polyethylene (PE) and polyvinyl chloride (PVC) margins are higher than their 3Q22 average levels.
  • USGC ethane values declined WoW relative to Ex-US naphtha. The oil-to-gas ratio also remains near a multi-year high, and most petrochemical indicators favor a revival in North American production.
  • Global spot polymer prices, on average, WoW were unchanged. However, we find strength in Asia relative to European declines. North American prices were broadly unchanged WoW.

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