General Thoughts: We provide thoughts following our meetings at CERA and AFPM, as global chemical producers continue to stress the benefits of integration, consolidation, and
General Thoughts: The North American polyvinyl chloride (PVC) market benefits from a low-cost production position, enabling the continued profitable production push towards Europe and other
Global polyethylene (PE) spot prices have declined in 4Q23, putting downward pressure on US export prices and US contract reference premiums, signaling a needed non-market
China chemical producers and refineries will likely benefit from discounted Russian crude in 2023 – a plus for its global competitive position and low relative
Global freight rates reflect downward pressure in 1H23, supporting the case for supply chain improvements and suggesting reduced commodity price differentials between regions in 2023.
The projection at the WPC this week that polyethylene capacity will only operate at 80% rates in 2023 needs the context that this has not
Global petrochemical producers outline their market and growth ambitions at WPC. Though all have views, strategies vary, and some bold, risk-adjusted moves lack appreciation in
Global energy and chemical producer integration efforts reflect positive momentum as energy producers fear falling fossil fuel demand and look for growing downstream product chain
2Q chemical sector results will vary by region and may not be as dire for some as many envision, as shown with the BASF update.
Global chemical sector margins remain varied by product chain, region, and level of feedstock integration, but prices are broadly higher YoY. We expand upon our
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