Global Market Analysis
We reiterate our constructive view of fertilizer and agricultural chemical markets, as we view this market as better poised to improve in late 2023 and
August 31, 2023
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We reiterate our constructive view of fertilizer and agricultural chemical markets, as we view this market as better poised to improve in late 2023 and
Global methanol markets have strengthened compared to YTD lows but are notably lower YoY – we flag the strength in overseas prices relative to the
Global chemical oversupply will likely worsen into year-end as North America’s cost advantage and China’s unrelenting production push will overtake cutbacks that will likely occur
Several price reporting companies are trying to establish themselves as pricing references for hydrogen of various colors but are doing so based on theoretical cost
Global polymer prices modestly increased WoW, lagging crude oil feedstock costs higher, benefiting North American integrated polymer producers compared to their Europe and Asia counterparts.
Last week, we discussed the corporate planning challenges within the chemical industry; this week, we evaluate some of the more worrying global trends.
Every action
Consumer price expectations for Asia in 2023 have fallen from mid-2023 levels on an absolute basis and relative to the West – a plus for
As COP28 approaches, we would expect the social environmental justice piece to take center stage as emission reduction must include the developing world.
For years
Global chemical market business conditions have worsened since 2021. We discuss slides from Shell’s 2021 and 2023 strategic updates to show how its view of
US polyethylene (PE) producers are pushing for contract price hikes in August, which we think will further delay a much-needed non-market adjustment based on global
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