The Weekly Catalyst

Global Chemical Update – Margin Meltdown!
July 17, 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:
Shell, ExxonMobil, OMV, Dow, LyondellBasell, Chevron Phillips Chemical, Formosa Plastics, Westlake, Oxy, Shin-Etsu, Orbia, Nutrien, BASF, CF Industries, Corteva, FMC

The Weekly Catalyst

Global Chemical Update – Margin Meltdown!

Key Points:

  • Global chemical production costs have increased relative to monomer and polymer prices during the past thirty days – the most severe regional producer margin pressure occurred in North America.
  • US ethylene production based on USGC ethane feedstock remains cost-advantaged relative to Asia and NW Europe. Still, its margin hit a YTD low last week and is nominally profitable on a spot basis.
  • On average, global polymer prices reflect downward pressure, with spot polypropylene reflecting the most weakness last week, while spot polyvinyl chloride reflected strength across all major regions.


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