The Weekly Catalyst

2024 Starts Slow, Volatility To Likely Grow – Global Chemical Update
January 8, 2024
Companies Mentioned:
Enterprise Products, Celanese, Methanex, Dow, Nova Chemicals, Braskem, LyondellBasell, Yara, CF Industries, Nutrien
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

2024 Starts Slow, Volatility To Likely Grow – Global Chemical Update

Key Findings:

  • Feedstock Market Trends: North American petrochemical producers begin 2024 with a significant cost advantage relative to Asia and NW Europe, but it may be as good as it gets unless crude oil markets tighten.
  • Chemical Market Trends:  US polymer-grade propylene reflects significant strength relative to Ex-US markets, reflecting considerable headwinds for non-integrated buyers. US ethylene buyers have a global advantage.
  • Polymer Market Trends: Global polymer prices are mostly unchanged WoW, however, most are lower since early December, with US PE and PVC falling relative to Ex-US levels while the opposite has occurred in PP.
  • Agriculture Market Trends: US Ammonia prices have fallen relative to natural gas prices since late 4Q, but domestic producers hold a sizable cost advantage relative to Europe and Asia despite their recent cost drop.


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