Ethylene Prices, News, Market Analysis

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Ethylene Prices Overview
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Market Overview Quarterly Update on Global
Ethylene Market Asia   Ethylene sentiments were
heard muted-to-low, entering the third quarter on
the back of ample supplies and stable demand.
Sharp reduction in prices was observed in the
first half of the quarter with offers bidding
around USD 750-800/t CFR northeast Asia for July
August.  Get more info https//www.chemanalys
t.com/Pricing-data/ethylene-40
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Ethylene Prices Overview
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However, as several major producers went
temporarily offline by the end of the third
quarter to balance out their inventory levels,
supply started getting tightened. Singapore-based
ExxonMobil shut its 1mn tpy cracker for its long
overdue maintenance in mid-September till the end
of October. To ease supply side issues, buyers in
Southeast Asia were seen opting for deep-sea and
Middle East origin cargoes. On the demand front,
spot demand was bolstered by improved PE
operations due to the expected return in demand
during the peak season in several Asian
countries. North America   Ethylene margins
showed substantial improvement after witnessing a
historic plunge in the second quarter in the
Americas. Supply remained tight as several US
crackers remained shut in their battle with
Hurricane Laura and related storms with around 20
per cent still offline at the closing of Q3. US
Ethylene margins got tripled since mid-May, with
exports rising considerably on the back of
recovering Asian demand and a continuing
arbitrage. The demand for Polyethylene (PE)
started emerging strong due to re-opening
overseas economies and greater demand from the
packaging sector. US Ethylene spot prices surged
nearly by 60 since mid-May during Q3. Several US
Polyethylene producers mainly Chevron Philips
Chemicals, Westlake Chemical, Ineos Olefins
Polymers, INVISTA among others remained shut for
specified durations during Aug-Sep
period.   Europe   The European Ethylene market
remained amply supplied despite some unplanned
cracker turnarounds during the quarter ending
September. The supply remained lengthened despite
prolonged outage at 625,000 MTPA Borealis
Stenungsund cracker in Sweden which is likely to
resume operations in Q4 2020. The pricing curve
remaining largely flat as the market kept quiet
amidst battered economy. While improvement in
derivatives demand from the construction sector
and the automotive sector served well for
regional suppliers, dullness in the packaging
sector kept the sales pressured.
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Ethylene Prices Overview
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The European Ethylene contract reference price
for August was maintained at USD 950/t, up by USD
25/t from July. How we can help ChemAnalyst
addresses the key problematic areas and risks
associated with chemical and petrochemical
business globally and enables the decision-maker
to make smart choices. It identifies and analyses
factors such as geopolitical risks, environmental
risks, raw material availability, supply chain
functionality, disruption in technology and so
on. It targets market volatility and ensures
clients navigate through challenges and pitfalls
in an efficient and agile manner. Timeliness and
accuracy of data has been the core competency of
ChemAnalyst, benefitting domestic as well as
global industry in tuning in to the real-time
data points to execute multi-billion-dollar
projects globally. Methodology ChemAnalyst
gathers information through primary research
surveys conducted with various Ethylene
manufacturers, spread across the domestic and
international markets, suppliers and
dealers/distributors to gain insights
into value-chains and demand-supply scenario to
assess the market situation. Thorough study of
the companys annual reports and secondary
sources such as exhaustive search on credible
paid databases, including our internal database
is done to verify the information. All the
collected information is analyzed, evaluated and
presented in chronological order to depict a
meaningful and clear picture of the concerned
market.   Our dedicated team of industry experts
comprehensively monitors and analyzes various
aspects of the Global Ethylene market. The team
analyzes various industrial segments, strategic
viewpoints and provides an analysis of the
industrys performance in the long run. This
would enable our clients in efficiently plan
their future investments, mitigate risk,
understand the cost dynamics and strike out a
balance amidst market volatility.
4
Ethylene Prices Overview
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www.chemanalyst.com/

• Critical examination of the impact of COVID-19
  pandemic on the global supply chains and shift in
  demand patterns with change in buying behavior of
  consumers across the globe.
•  
• Several ongoing development projects across
  industries are tracked, followed by the details
  of major projects in the development stage, which
  can positively or negatively influence the Global
  Ethylene market.
•  
• Pricing is captured through exhaustive primary
  interviews with domestic and international
  manufacturers, traders and importers and
  customers on monthly and yearly basis.
•  
• Finally, region-specific markets for Ethylene are
  analyzed and region-wise demand pattern is
  tracked.
• About
• Ethylene is a colorless, odorless, flammable and
  compressed gas with a faintly pleasant odor.
  Ethylene is the simplest olefin and is one of the
  most important petrochemical intermediates for
  the synthesis of several products across
  plastics, solvents, cosmetics, pneumatics, paints
  and packaging industries. Some of the widely used
  petrochemicals produced from Ethylene are
  polyethylene, ethylene dichloride, ethylene
  oxide, ethylene glycol, ethylbenzene, vinyl
  acetate etc. There are a variety of associated
  proprietary technologies used for Ethylene
  production across the globe. Ethylene is
  commercially produced by the steam cracking of a
  wide range of hydrocarbon feedstocks which are
  heated to 750950 deg Celsius. Ethylene is
  separated from the resulting mixture by repeated
  compression and distillation. In Europe and Asia,
  Ethylene is mainly produced from cracking
  naphtha, gasoil and condensates while in the US,
  Canada and the Middle East, the production is
  carried out through ethane and propane cracking.
  Global Ethylene capacities have been unevenly
  spread across the global, influenced by
  infrastructure and port facilities, feedstock
  availability, economic growth, and downstream
  demand patterns.