The Weekly Catalyst

Global Chemical Update – Mixed Emotions
October 30, 2023
Companies Mentioned:
Orbia, Westlake, Ineos, TotalEnergies, Braskem, LyondellBasell, ExxonMobil, Dow, Enterprise Products
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 – Mixed Emotions

Key Points:

  • Global spot polymer values, on average, decreased WoW, with polypropylene (PP) reflecting more support than polyethylene (PE) and polyvinyl chloride (PVC) – a trend likely to reverse by early 2024.
  • Compared to levels at the close of 3Q23, US and NW Europe spot propylene values have risen ~15% and ~21% amid myriad regional production issues, which compares to a ~2% drop, on average, in Asia.
  • Global ammonia prices, on average, increased WoW, with US ammonia values rising more than natural gas costs to push domestic margins above US$500/mt for the first time since March 2023.

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