The Weekly Catalyst

Global Chemical Update – Slip-Sliding Away
May 8, 2023
Companies Mentioned:
LyondellBasell, ExxonMobil, Braskem, Formosa Plastics, CF Industries, Nutrien, LSB Industries
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 – Slip-Sliding Away

Key Points:

  • Global chemical feedstock costs declined broadly WoW, on energy weakness, likely driven by fresh China demand concerns, lifting Europe and Asia margins, which could add to NA chemical export price pressure.
  • US propylene spot prices declined again last week, continuing a downward trend following a 1Q23 price surge – a decline in April contracts will likely precede another in May contracts based on spot prices.
  • NW Europe ammonia prices moved higher WoW, following two weeks of negative producer spot margins, per our estimate, implying prices are likely close to a bottom absent further global natural gas weakness.

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