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 Q4FY20. 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. The European Ethylene contract reference price for August was maintained at USD 950/t, up by USD 25/t from July.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Ethylene are analyzed and region-wise demand pattern is tracked.
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 750–950 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.
