Looking forward to xxxx, the global Ethylene market faces a significant challenge, particularly as China is set to expand its Ethylene production capacity. According to estimates, China’s Ethylene capacity exceeding local demand will surge by a staggering three-digit percentage incline in xxxx, reaching an all-time high. This increase is part of a broader trend, where China is expected to add x million tonnes of Ethylene production capacity, the largest annual increase on record.
The result of the expansion of Ethylene production capacities in xxxx was evident in the pricing patterns of the commodity. In December xxxx, Ethylene prices in China dropped by x.xxx, averaging USD xxxx/MT, continuing the market stagnation that had characterized much of the second half of the year. In addition to excessive inventory stock, this price decline, driven by reduced procurement activities and a slowdown in industrial production, is emblematic of the broader trends...
