The Weekly Catalyst

Global Chemical Update – Settling Down
May 30, 2023
Companies Mentioned:
Formosa Plastics, LyondellBasell, ExxonMobil, Chevron Phillips Chemical, Westlake, SABIC, Oxy, Dow, OCI, Mitsui, Methanex, Nutrien, CF Industries, LSB Industries, Yara, Linde, Air Products, Air Liquide, Corteva, PPG, Celanese
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 – Settling Down

Key Points:

  • Global commodity chemical prices declined WoW, with the most significant price and feedstock price declines occurring in the US. Our global supply concerns remain much lower than demand.
  • North American chemical producers enjoy a sizable cost advantage relative to Asia and NW Europe. We flag the WoW drop in US natural gas and USGC ethane relative to Brent Crude and Ex-US naphtha.
  • Though the global market setting is not overwhelmingly positive, on the whole, we are more optimistic about industrial gas and specialty chemical fundamentals than commodities near term.

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