中文
This year, novel coronavirus pneumonia has affected the international crude oil prices, and the bulk chemical market has been affected to varying degrees. Take the organic raw material ethylene as an example, the price of CFR Northeast Asia fell by about 10% in the same period, and the performance of “triene” products was moderately higher. Although it was lower than the propylene market with a 4% drop, it was much better than the butadiene market with a 66% drop.
But in the long run, with the continuous and rapid growth of new ethylene production capacity at home and abroad, the global market supply is relatively sufficient. However, the continuous trade friction between China and the United States and the global epidemic affect the growth of its downstream demand. The contradiction between supply and demand will gradually appear, and the competition facing the ethylene industry will become more and more fierce.
According to the statistics of chemical online, in 2019, the new capacity of ethylene in the world will exceed 6 million tons, which is basically the same as that in 2018, mainly concentrated in the United States and China. In recent years, the shale gas revolution in the United States has brought ethylene plants into operation, and the global ethylene production capacity has entered a rapid growth stage.