NexantECA, Energy and Chemicals Advisory’s Post

Our latest global Ethylene market snapshot is now available on our website. Read in full here - https://hubs.ly/Q02Czx9C0 "The ethylene market continued to buckle under heavy capacity addition and relatively weak demand growth in 2023. While the outlook is for a mild recovery in demand in 2024, the operating rate outlook is essentially flat, which will mean limited scope for demand growth in the most embattled regions. The United States and Middle East cash cost of integrated ethylene/polyethylene production remained at around half of the level of naphtha cracking complexes in Europe and Asia. The delta increased in quarter one of 2024, and the fight-to-the-death for market share continues. Some weaker producers in Europe and Asia have been making unsustainable losses since 2022 and expected to be forced out of the market, conceding their share of ethylene consumption to new market entrants in China, and the advantaged NGL-based exporters." Read this blog post in full - https://hubs.ly/Q02Czx9C0 To initiate a discussion with the NexantECA team, or for more information, email us at contactus@nexanteca.com #NexantECA #Ethylene #Polyethylene #Naphtha

Global Ethylene Market Snapshot

Global Ethylene Market Snapshot

nexanteca.com

To view or add a comment, sign in

Explore topics