Shanghai Daoqin Plastics Co., Ltd.

        本土 raw materials cost advantages 逐步消失

        据海湾石油 and chemical industry 协会(GPCA) most new report, in 东海湾 combined as 委员会(GCC)国家 ethylene and related product production capacity will fast speed increase. 但受海湾 区乙烷 raw materials supply made effect/influence, 当 裂 understanding plant/unit raw materials formed positive heavy 质化. raw materials cost advantages positive 逐步消失, make 该 区 production add large outer investment force degree.

         ethylene related product production capacity increase

         future, 海湾 区 ethylene production capacity large increase already formed 定局. GPCA forecast, future 10 year, GCC国家 ethylene production capacity will in currently upper large increase 53%, to 3940 10,000 tons / year. currently, GCC国家一直 in expand large ethylene production capacity, 自2000 year year increase speed to 9.8%, year increase 120 10,000 tons. 2018 year, production capacity already to 2580 10,000 tons / year. 而GPCA report 显示, future 10 year, ethylene production capacity combined year increase 约150 10,000 tons. will 占据GCC new increase ethylene production capacity semi, year increase speed is 3.4%.

         and meanwhile, ethylene material production capacity has growth, 虽不会 high ethylene increase speed, still maintain can growth. GPCA table/sheet 示, 2018 year, GCC ethylene material production capacity is 3300 10,000 tons / year, full ethylene material production capacity 21%. market 规模计算, polyethylene (PE) (PE) and ethylene glycol (EG) is most large ethylene material. future 10 year, GCC ethylene material production capacity growth will 自于PE and EG, combined will 占据该 区 new increase ethylene material production capacity 91%. its in, EG production capacity year increase speed expected is 1.5%, and 该 区 ethylene material production capacity increase speed 一致.

         raw materials 变化削 low cost advantages

         in ethylene and its material production capacity upper rise meanwhile, GCC国家 裂 understanding raw materials positive in 发生变化, make 该 区 cost advantages has low. GPCA table/sheet 示, GCC国家 ethylene raw materials formed will to 炼油厂 and 石化一体化 project and SABIC company (SABIC) and 沙特阿美 positive in development 原油直接 made chemical product (COTC) technology 驱动. for/regarding ethylene production 商 说, this type of 情况会造 formed supply decrease/reduce and raw materials heavy 质化.

        GPCA expected, supply decrease/reduce effect/influence, GCC国家 ethylene production use as is raw materials specific gravity will from 2018 year 70.7% drop 至2028 year 67.3%. GPCA report 显示, supply 充裕且 cost relatively low, is GCC国家蒸汽裂 understanding plant/unit main/primary raw materials, is currently supply decrease/reduce, 意味 裂 understanding plant/unit will use more more heavy raw materials. different heavy raw materials understanding property different. GCC国家 positive in construction 一 裂 understanding plant/unit is mixed combined material.

        GPCA警告, 2018 year, GCC国家 ethylene production cost ratio full 球平均 cost low 30%, 而2013 year 该 区 ethylene production cost ratio full 球平均 cost low 60%. future this type of cost rise trend can can also 会继续.

         add large outer investment force degree

        GPCA report 指出, advantages raw materials short make production 商们越 越 heavy 视 区 outer investment. GCC国家 production positive in main/primary growth market investment construction ethylene production 设施, especially is in and 北美. GPCA expected, in China market, from 2019 year 至2027 year, ethylene supply will year 均3.7% speed degree growth. GCC国家 ethylene production positive in China 浙江, 福建以 and 辽宁运营 or 规划石化 project. is 另一 焦点. SABIC, ExxonMobil, 沙特阿美以 and chemical, Borealis and TotalEnergies positive in USA Mexico 湾沿岸 newly built 蒸汽裂 understanding plant/unit.

        GCC国家 for/regarding China and 北美 关注 also in cost causes. false 设油价 is 60美元/桶, GCC国家以乙烷 is raw materials ethylene production cost low 廉, due to supply 变化, low cost supply can meet/satisfy ethylene demand separation. therefore, GPCA table/sheet 示, full need construction 石脑油裂 understanding plant/unit meet/satisfy demand, China and 北美都 is newly built 石脑油裂 understanding plant/unit most tool cost 效益 区.

         meanwhile, due to market demand amount has 限, GCC国家 production ethylene also will a large amount of export. GPCA估计, to 2029 year, 该 区 production production 1/3 ethylene will export outer market. to outer project increase, 该 区 production production ethylene full market will from 2018 year 20% improve/increase 至2027 year 25%.