The Weekly Catalyst

Global Chemical Update – Back To A Holding Pattern?
November 13, 2023
Companies Mentioned:
Issaquena Green Power, CF Industries, Nutrien, LSB Industries, Koch Fertilizer, Yara
Commodities Mentioned:
Report Sections:
Feedstocks & Energy, Global Ethylene Cracker – Spot Profit Analysis , Ethylene & Propylene – Price Trends, Other Relevant Global Commodity Chemical Trends, Global Polyethylene Analysis, Global Polypropylene Analysis, Global Chlor - Vinyl Analysis, Global Methanol Analysis, Global Chemical Data Sheets, Agriculture Price Dashboard, Flow Charts & Other Ancillary Data

The Weekly Catalyst

Global Chemical Update – Back To A Holding Pattern?

Key Points:

  • Global ammonia prices, on average, have rebounded from mid-year lows amid rebounding demand and Ex-US production costs reverting upwards relative to US levels, creating a positive setting for 4Q23.
  • An uptick in soy plantings and Ex-US production costs holding relative to US levels in 2024 could net to keep ammonia values near current levels as non-fertilizer long-term demand visibility increases.
  • US natural gas and USGC ethane values fell more than Brent Crude and Ex-US naphtha values WoW – a relative plus for North American chemical producers, though it also suggests lower global prices.

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