The Weekly Catalyst

Global Chemical Update – Most Prices to Slide Lower into The Holidays!
October 9, 2023
Companies Mentioned:
Methanex, CF Industries, Dow, LyondellBasell, Westlake, ExxonMobil, Shell
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 – Most Prices to Slide Lower into The Holidays!

Key Points:

  • The positive momentum in global commodity chemical prices in 3Q is stalling in early 4Q23 – absent crude oil market support or a major global outage event, most will see lower prices into year-end.
  • Asia polymer and monomer prices fell WoW, but its feedstocks, on average, outpaced this decline – we see a more competitive Asia as a notable risk to rest-of-the-world chemical price support in 4Q23.
  • Ammonia and methanol prices have risen from their 2023 lows. We take a constructive view of both long-term; however, recent support in crop prices suggests ammonia reflects less near-term risk.


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