Shanghai Daoqin Plastics Co., Ltd.

普氏 can 源资讯近 day 指出, USA and ethylene production can force large increase, USA new export 终端投 use and ethylene lower market will 继续维持疲 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, newly built production capacity will start production, for year ethylene market outlook/prospects 持悲观态 degree. ”

2017 year 以, USA new increase ethylene production capacity 约818 10,000 tons / year. 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 / year. in 亚洲, China Hengli and 浙石化 will in 2019~2020 year increase 290 10,000 tons / year 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 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 / year, currently export volume is 20 10,000 tons / year.

EPP company USA 休斯敦航道 newly built 100 10,000 tons / year 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 ethylene supply 剩 局面 will 开始缓 understanding. USA ethylene in stock price and 亚, ethylene price very can can shrink small, 不 以乙烷 is raw materials USA ethylene still will maintain cost advantages.

market table/sheet 示, due to USA new increase ethylene production capacity a large amount of start production, newly built export 终端投 use, Europe production will reduce ethylene output/production volume and price, is 该 区 will has more more Imported ethylene 涌入. due to in trade scratch, USA ethylene material can can short inner to China. China data 显示, year 1~9 month, China ethylene Imported amount ratio upper year growth 8%, however China from USA Imported ethylene amount lower 挫 88%.

in USA ethylene a large amount of 涌入 情况 lower, Europe ethylene production will force maintain market 份额. most new data 显示, year 1~9 month, USA ethylene export amount 达22.34 10,000 tons, ratio upper year growth 39.5%, its in export China Taiwan ethylene amount relatively upper year decline 22%, 至4.9 10,000 tons, export ratio ethylene amount from upper year 同期 0.73 10,000 tons large increase 至9.81 10,000 tons, export 至西班牙 ethylene amount from upper year 同期 20吨 large increase 至1.15 10,000 tons.

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 factors, 2020 year Europe market ethylene supply very has can can is balanced, 甚至会出现 剩.

standards full 球普氏 can inquiry company data 显示, 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 于每吨300~350美元 盈亏 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 can 观, 但2020 year propylene and butadiene production profit very can can 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 amount increase. 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.

market 人士称, 受廉价乙烷 raw materials 支撑, and other versus ratio, USA ethylene price expected still will competition advantages, understanding plant/unit non plan can can 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) history most low 价. 不, to year 11 month 底, USA ethylene price already rise 至23美 separation /磅 left right.