Global Market Analysis
Part of the C-MACC team will attend the PACK EXPO conference next week, and the other part will be at the CMA World Chemical Forum
September 8, 2023
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Part of the C-MACC team will attend the PACK EXPO conference next week, and the other part will be at the CMA World Chemical Forum
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
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
Global chemical prices have rebounded from mid-year lows, partly due to higher crude oil and related feedstocks, displaying the benefit of being a low-cost producer
Automotive chemical suppliers have benefited from rising auto production in 2022/23, partly due to inventory rebuilding – we think significant headwinds will face auto chemical
Energy and chemical sector strategic ties will strengthen as value-chain integration benefits rise – a lengthy period of low margins, even in cost-advantaged areas, will
Polymer price differences (minus freight) face compression between regions as oversupplied conditions mount – global cost curve placement is the best gauge of regional integrated
The European chemical industry is cost-disadvantaged, and its end markets are mostly mature, but its sizable existing production base could offer opportunities for some amid
US polyethylene contract prices show an upward trend relative to spot values as exports have risen compared to domestic demand, becoming less linked to the
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