The Weekly Catalyst

Global Chemical Update – Riders On The Storm
March 13, 2023
Companies Mentioned:
Dow, Enterprise Products, LyondellBasell, ExxonMobil, Westlake, Olin, Oxy, Shin-Etsu, Orbia, Formosa Plastics
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 – Riders On The Storm

Key Points:

  • On average, global polymer prices WoW were unchanged following their 1Q23 run-up. However, global production costs decreased last week, with the US seeing a larger pullback than Asia or Europe.
  • US ethylene producers are profitable across all primary feedstocks, with propane seeing the most implied margin strength WoW. Asia and NW Europe spot ethylene production is mostly unprofitable.
  • We highlight a few beneficiaries of current commodity price movements and our views following meetings at-and-around CERAWeek, as we foresee a significant change in energy and chemicals ahead.

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