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.
Client Login
Learn About Our Subscriptions and Request a Trial
to gain full access and experience our services!