Global Market Analysis
The North American ethylene spot market continues to face derivative production cutbacks and limits on its ability to serve higher-cost US export consumers – a
May 18, 2023
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The North American ethylene spot market continues to face derivative production cutbacks and limits on its ability to serve higher-cost US export consumers – a
2023 is off to a bad start with low margins (but maybe not low enough) and global operating rates reflecting significant oversupply, which could worsen.
As chemical product availability increased, US spot polymer premiums relative to Asia mostly dissipated in 2H22. Domestic contract premiums are likely the next to drop.
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