For the Quarter Ending March 2021
Asia
The Asian market faced huge demand for Ethylene and its derivatives from downstream sectors which significantly supported its prices. In China, Ethylene demand suddenly surged after lunar holidays, but tight supply boosted the prices. Meanwhile, South Korean Hanwha’s 310 KTPA manufacturing unit went for partial shutdown in March. This shutdown was implemented to expand its production capacity and it is anticipated to resume its operation in early Q2 2021. Furthermore, in February 2021, Sinopec Yangzi petrochemicals in China, shut down its naphtha cracker of production capacity 450,000 tonnes Ethylene per year for maintenance, which later resumed its operations in March. Amid high demand from downstream products manufacturers, lower supply spiked up the prices of Ethylene across the region. In India, supply shortages during January to February pushed up the prices of Ethylene to USD 854 per MT which later came down again to USD 828 per MT in March in effect of improvement in supply activities.
North America
North America struggled to satisfy rising demand of Ethylene as several production facilities faced force majeure and unplanned shutdowns during Q1 2021. Eastman chemicals at Longview, Texas suspended its operations after arrival of icy weather during February. Its plant capacity is 730,000 MT Ethylene per year. Meanwhile, INEOS also has undertaken its Ethylene plant of capacity 1.88 million MT per year off stream located at Texas. Similarly, several other plants dented the regional supply chain of Ethylene that skyrocketed the prices of Ethylene and its derivative products globally.
Europe
The European market had a firm demand from downstream sectors, though the supply remained tight due to several reasons. Container shortages reduced the exports and imports of feedstock materials across the region and some unplanned outages reduced the global supply for Ethylene. Price trend in Europe overall remained up, amid high demand and constrained product availability.
Market Overview: https://www.chemanalyst.com/Pricing-data/ethylene-40
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.
Product Specific Details
CAS No.: 74-85-1; HS Code: 29012100; Grade: Grade 2.5, 3, 3.5, 4, 4.5, 5, 5.5; Packaging Size: Tanker/Drum; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot
Countries Covered:
APAC – China, Japan, India, South Korea, Singapore,
Europe – Germany, France, Belgium
America – USA, Brazil
MEA – Saudi Arabia, UAE, South Africa
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According to ChemAnalyst report, “Ethylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Ethylene market has shown significant growth as it reached 84 million tonnes in 2020 and is anticipated to achieve a healthy global CAGR of 4.7% in the forecast period until 2030.
The industrial production of the chemical is associated with safety standards on human health as well as environment before it can be further manufactured and introduced in the market.Read Full Report Here: https://www.chemanalyst.com/industry-report/ethylene-market-638Ethylene with the chemical formula C2H4 is an organic compound consisting of double bonded hydrocarbons.
It is an extremely reactive and colorless flammable gas that has a pleasing sweet smell.
Rising construction and infrastructure activities is accelerating the demand of Polyethylene, which is likely to strengthen the global market in the next few years.
There are several technologies used for the production of Ethylene include Oxidative coupling of Methane, steam cracking, Oxidative coupling of Methane, Fischer-Tropsch synthesis, catalytic dehydrogenation and Methanol-to-Olefins.
Based on end-use industry, the global market is segregated into automotive, packaging, agrochemicals, food and beverage, textile, personal care, pharmaceuticals, detergents, and others.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
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