Global new chemical production capacity will enter

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Global new chemical production capacity will enter an inflection point according to the comprehensive information report, the global new chemical production capacity will reach a peak of $120billion in 2014, and then begin to decline. Industry insiders said that the main factor affecting the current production capacity is still the cost of raw materials. For example, North America is dominant in shale energy, and Chinese chemical producers also have the advantage of low-cost raw materials. In addition, technological innovation is also very important, such as the pull of China's coal to olefin technology on polyethylene production capacity

according to the latest report of IHS, an energy consulting company, Asia will maintain the leading position in global chemical supply and demand after 2020. However, as the new production capacity turns down the iris aperture of the condenser under the stage and moves into the tube to the United States and the Middle East, it will also lose some business. It is understood that due to unconventional shale energy, the United States and the Middle East have certain advantages in cost and can obtain relatively low-cost raw materials

according to the business news agency, in the first half of this year, China's polyethylene market generally showed a "V" shaped trend, down 0.42%. In the first quarter of this year, in order to close the loophole as soon as possible, the decline at the end of 2013 was continued, and the continuous decline was large. The price of 3-yuan materials in Japan and South Korea fell from about 12000 yuan/ton to 10600 yuan/ton at the lowest; The market began to rebound in the second quarter. By the end of June, the price was closer to the high price at the beginning of the year

analysts said that in the first half of the year, when supply and demand were dominant, polyethylene got out of the situation of "want to grow first but restrain". It is expected that the polyethylene market will still maintain a high consolidation situation in the short term, and there is still a certain upward space in the later period

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