Shanghai Daoqin Plastics Co., Ltd.

        据普氏 can 源资讯网近 day 消息, USA and ethylene production can force large increase, USA new export 终端 投 use and ethylene lower market will 维持疲 soft 态势, 2020 year full ethylene market outlook/prospects 黯淡. 亚洲一位 market 消息人士 table/sheet 示: “ due to lower market still will maintain low 迷, but also newly built production capacity will start production, for year ethylene market outlook/prospects 持悲观态 degree. ”

         USA and ethylene production capacity 井喷

         in USA:

        自2017 year 以, new increase ethylene production capacity is 818 10,000 tons, plan to 2019 year year 底, also will new increase 200 10,000 tons ethylene production capacity.

         another 6 sleeve/set 以石脑油 is raw materials understanding plant/unit will in 2020 year and rear formed start production, combined production capacity 达830 10,000 tons.

         in 亚洲:

         China Hengli and 浙江石化 will in 2019-2020 year increase 290 10,000 tons ethylene production capacity.

        另一方面, in stock ethylene demand can can to lower product demand and price decline pressure, polyethylene (PE) and ethylene glycol.

         USA newly built ethylene export 终端投 use will impact Europe ethylene output/production volume

         USA currently has ethylene export already use. ethylene export 终端由Targa资源 company 运营, 位于休斯敦航道, export can force is 30 10,000 tons, currently export volume 平均约 is 20 10,000 tons.

         enterprise product combined company (EPP)位于 USA 休斯敦航道 newly built 100 10,000 tons ethylene export will in 2020 year increase ethylene export volume, plan 于2020 year Q4 degree 启动第二 stage/phase project construction. 一旦该 export comprehensive 投入运营, USA market ethylene supply 剩 局面 will 开始缓 understanding, USA ethylene in stock price and and Europe ethylene price between very can can shrink small, 不 以乙烷 is raw materials USA ethylene still will maintain its cost advantages.

         market 消息人士 table/sheet 示, due to USA new increase ethylene production capacity a large amount of start production, but also newly built export will use, Europe production will need reduce ethylene output/production volume and price, is 该 区 will has more more Imported ethylene product 涌入. 他们补充称, due to in trade factors, USA ethylene material can can in short inner to China. according to China data, year 1-9 month, China ethylene Imported amount ratio upper year growth 8%, however China from USA Imported ethylene amount lower 挫 88%.

         Europe production will force maintain market 份额

        据 market 消息人士称, in USA tool has competition force ethylene material a large amount of 涌入 情况 lower, Europe ethylene production will force maintain market 份额, has can can through utilizing combined price and toward inner provide tool has price force in stock amount to this 一点.

        据 most new data 显示, year 1—9 month, USA ethylene export amount 达223422吨, ratio upper year growth 39.5%, its in export China Taiwan ethylene amount relatively upper year decline 22%至49015吨, export ratio ethylene amount from upper year 同期 7323吨 large increase 至98089吨, export 至西班牙 ethylene amount from upper year 同期 20吨 large increase 至11477吨.

        2020 year Europe 蒸汽裂 understanding plant/unit 停工检修数 amount will less 于2019 year, 不 鉴于 macro ring soft, 2020 year Europe market ethylene supply very has can can is 健康, 甚至会出现 剩.

        石脑油 raw materials price will maintain 坚挺

         market and expected 2020 year 石脑油 raw materials price will maintain 坚挺, main/primary causes is 国际海事组织(IMO) strong/high made from 2020 year 1 month 1 day shipbuilding material most high content from currently 3.5% large lower 调至0.5%. and 石脑油 market price or will rise, is processing amount will increase meet/satisfy day growth shipbuilding material demand.

         standards full 球普氏 can inquiry company data 显示, in market, 2019 year 10 month 25 day ethylene /石脑油价差平均 shrink narrow 至152.63美元/吨, lower 自2012 year 5 month most low water 平, and low 于300-350美元/吨 典 type balanced 价差. market table/sheet 示, 2019 year market 蒸汽裂 understanding plant/unit construction start rate water still very high, this propylene and butadiene production profit relatively is strong/high 劲 支撑, 但2020 year propylene and butadiene production profit very can can 会趋于 low 迷.

        消息人士称, in Europe market, ethylene production positive in lower understanding plant/unit construction start rate water 平, for lower 游衍生 material market demand soft and USA ethylene Imported increase ring 境. market positive in 预期 自于EPP newly built ethylene export effect/influence. standards full 球普氏 can inquiry company analysis, 2020 year Europe ethylene in stock price expected decline 至1008美元/吨(CIF西北欧), low 于2019 year 1068美元/吨 平均 price.

         expected to 2020 year, 石脑油 price will 随 原油 price rise, 进一步 expand large liquid 化石油 gas (LPG) and 石脑油 price between 差距.

         market 人士称, 受廉价乙烷 raw materials 支撑, and its it versus ratio, USA ethylene price expected still will competition advantages, understanding plant/unit non plan can can 会引起 ethylene price 波动. year 6 month 份, USA ethylene in stock price lower 11.75美 separation /磅(FD蒙特贝尔维)历 history most low price. to 11 month 底, USA ethylene price already rise 至23美 separation /磅 left right.