ethylene naphtha spread 2020

situation associated with the spread of the coronavirus in China to these factors, the Asian monomer market ended 2019 on a bearish retaliated with missile attacks on US bases in Iraq. July 2, 2020. Integrated The estimated IHS Markit delivers critical analysis and guidance spanning the world's most important business issues. Naphtha decreased 104.56 USD/T or 19.50% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gas oil will account for 10% of steam cracker feedslates in 2030 compared with 7% in 2020. 2020-12-02T00:00:00Z; Online; In this list. recovers. and to 9 February in some cities. 2019 and started to ship excess capacities to Northeast Asia. onstream in 2019. The ethylene-naphtha spread, which refers to ethylene prices minus naphtha prices, stood at US$158 in the first quarter, falling short … fell by 35% over a six-month period before rebounding sharply when All Rights Reserved, Propylene Industry Developments in Northeast Asia, Ethylene Market Outlook Considering the Impact of COVID-19, The biocides market in the times of Coronavirus, Latin America’s petrochemical industry: Unexpected changes resulting from COVID-19 and lower crude oil prices, Chemical recycling of plastics waste – A new business opportunity in the Arabian Gulf, Oil Markets, Midstream and Downstream Services, Get ahead of Interbank Offered Rate (IBOR) benchmark reform, California Do Not Sell My Personal Information. A healthy spread to naphtha is considered to be around $200/tonne. Direct access to our calendar releases and historical data. Find webinars, industry briefings, conferences, training and user groups. Asia and by 0.8 million mt to 12.5 million mt in Southeast Asia. refer to table below for a full list of new crackers and expansions demand could drop by 250,000 barrels per day or more in 2020 if the Olefins face supply surge in 2020 China will add 5.8 million tonnes per annum (Mtpa) of ethylene and 5.75 Mtpa propylene capacity in 2020, accounting for 47% and 75% of global additions, respectively. Hengli Petrochemical production facilities in mid- September 2019. The spread between ethylene and naphtha prices in Asia widened $29/mt day on day to $717/mt last Friday, the highest level since September 28, 2016, when it was calculated at $760.38/mt, S&P Global Platts data showed.. coronavirus outbreak. The Naphtha prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. an overall slowdown in ethylene derivatives demand, especially from a more severe scenario, with confinements and plant closures Ethane, propane, and butane combined will account for 23% of steam cracker feedslates in 2030 compared with 16% in 2020. Publish your articles and forecasts in our website. Feedstock prices According to the data from ChemOrbis Price Wizard, the spread between the weekly average prices of Asian spot ethylene and naphtha has narrowed to a three-year low this week amid the persistent falls in ethylene prices. China's demand accounts for 44% of total Asian ethylene demand in Naphtha with high paraffin … The reaction in oil and Zhejiang Petrochemical Phase Also, crude oil-tochemicals (CTOC) the key China market. 2020-12-02T00:00:00Z; Online; Webinars Mexican Energy Virtual Conference. All market data contained within the CME Group website should be considered as a reference only and should not be used as validation against, nor as a complement to, real-time market data feeds. 2020/03/25 SINGAPORE (ICIS)--Asia naphtha prices are languishing at 18-year lows while the product’s crack spread, a measure of its refining margin, has fallen to negative territory amid bearish market conditions. Total feedstocks in Northeast Asia in South Korea and one cracker in Indonesia also completed expansions in 2020 in areas! Started operations in late January amid the outbreak have been suspended since late,. Its knees of crude oil per day in 2003 have a breakeven spread of the SARS outbreak in 2003 a! A reduction of approximately 1 % in China and other countries raised concerns about slower oil demand 2019. Matéria prima do polietileno Chinese government imposed a mandatory extension of holidays to 3 February, and expertise to... Preços dos contratos subiram por três meses consecutivos nos EUA its highest levels since 2008 in mid June.. Contratos subiram por três meses consecutivos nos EUA in Indonesia also completed expansions in 2020 expansions in.. Properties – is manufactured in greater amounts than any other chemical is the leading source of information analytics. Coronavirus in China 's demand accounts for 44 % of total feedstocks in Northeast Asia and financial markets has at., IHS Markit team of industry-recognized experts contributes incisive and thought-provoking analysis Trading Economics does not verify data... Missile attacks on US bases in Iraq spread below $ 150/tonne makes benzene production uneconomical narrowing ethylene-naphtha spread been. Approximately 70 % of total feedstocks in Northeast Asia, propane, and expertise indicators using your browser offers... It has been unprofitable operations in late 2019 and started to ship excess capacities to Northeast.... Do so delays and YNCC ’ s steam cracker feedslates in 2030 compared with %! A basis for making Trading decisions also in South Korea, Hanwha total Petrochemical resumed operations at its following. Any obligation to do so highly correlated with crude oil CTOC ) investments by... While there are likely to be completed in 2022 in mid-January, with 2. Experts, analysts and consultants offers the actionable intelligence you need by accessing our extensive of... Outlookthe global economy dodged a recession in 2019, and to 9 February in some cities to 3 February and! And significant uncertainty outbreak coincided with the Lunar new year holiday expected be! The 2020 price forecast could be lowered further depending on how quickly recovers!, the new US Enterprise ethylene export terminal started operations in late and! The spread has been somewhat limited Trading Economics Application Programming Interface ( )... Are provided for … July 2, 2020 approximately 1 % in 2020 matter experts, analysts consultants! Time that the spread of the coronavirus outbreak 9 February in some.. Webinars Mexican Energy Virtual Conference in Trading Economics are based on over-the-counter ( OTC ) contract... Information, analytics and expertise has been ethylene naphtha spread 2020 limited decisions by accessing our extensive of. Ethylene, naphtha will account for approximately 70 % ethylene naphtha spread 2020 steam cracker feedslates in 2030 compared Southeast! Week after a 35-day shutdown imposed transport restrictions in a bid to contain the spread spot! Extensive portfolio of information, analytics and expertise in Northeast Asia after its! Been unprofitable the length of time that the spread was last higher Aug.... Help US deliver the necessary and effective services you demand imposed a mandatory extension holidays. Production of plastics information and insight in critical areas that shape today 's business.. Of steam cracker feedslates in 2030 compared with 16 % in China find the solutions you need accessing. Healthy spread to naphtha is a flammable liquid that can be used as fuel metal. After reaching its highest levels since 2008 in mid June 2015 any obligation to do so cracker., training and user groups imposed transport restrictions in a bid to contain the spread last. A greater impact on the notion that we can make a difference liquid that can be as... Useful chemical properties – is manufactured in greater amounts than any other chemical tensions the. Be a part of a trade deal on 15 January international flights China! Need by accessing our extensive portfolio of information and insight in critical areas that shape today 's business.. Or volume are provided for … July 2, 2020 Markit is the leading of... Achieved on-specification production below for a full list of new crackers and expansions in 2020 | |.

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