The Weekly Catalyst

Global Chemical Update – Like A Stone
July 10, 2023
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
Companies Mentioned:
Versalis, BASF, OMV, LyondellBasell, Dow, Nova Chemicals, Baystar, Heartland Polymers, INEOS, Shell, ExxonMobil, Westlake, Enterprise Products, Navigator Holdings, PPG, Celanese

The Weekly Catalyst

Global Chemical Update – Like A Stone

Key Points:

  • European chemical prices, on average, sank further WoW, outpacing US and Asia declines relative to feedstock costs and suggesting producer pain and related strategic activity will likely pick up in 2H23.
  • US spot ethylene producers are profitable, but their margins fell to their lowest YTD level last week, while Asia margins are near their highest YTD level. Ex-US naphtha fell relative to USGC ethane WoW.
  • Global polymer prices decreased WoW on average, with Europe reflecting the most notable regional weakness in polyethylene and polypropylene but modest relative price support in polyvinyl chloride.


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