The Weekly Catalyst

Global Chemical Update – Supply Cuts Needed To Spur Prices
June 26, 2023
Companies Mentioned:
Enterprise Products, LyondellBasell, Dow, ExxonMobil, Formosa Plastics, Chevron Phillips Chemical, SABIC, Braskem, CF Industries, Nutrien, Koch Fertilizer, LSB Industries, BASF, Bayer, FMC, Corteva  
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 – Supply Cuts Needed To Spur Prices

Key Points:

  • Global commodity chemical market indicators show growing oversupply, with sizable outages likely needed to enable price hikes for most polymers in 3Q23. 2Q23 shows lower June profit than in April.  
  • US ethylene production margins based on ethane-based feedstock fell to their lowest weekly level in 2023 last week as USGC ethane prices increased. Ex-US naphtha cracker feedstocks declined WoW.
  • Fertilizer and Agricultural input price and profit indicators mostly held up WoW, and we view crop markets as reflecting already tight conditions that a significant weather event could notably enhance.


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