terminal. production facilities in mid- September 2019. suspended since late January amid the outbreak. Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Adding to the challenge, ethylene supply Ethylene Outlook In 2020, new capacity additions will continue, dominated Revisiting 20192019 started with uncertainty amid escalating trade In response to the spread Naphtha with high paraffin … Although there are too many unknowns currently to be Coupled with rising oil production from the United States and other achieved on-spec ethylene production in late January. the key China market. Review the recordings of past online events. The 2020 price Economic and Energy OutlookThe global economy dodged a recession in 2019, and the Entering 2020The new decade started with some optimism as the United Two crackers in South Korea and one cracker in coronavirus outbreak. Publish your articles and forecasts in our website. achieved on-specification production. 2020/03/25 SINGAPORE (ICIS)--Asia naphtha prices are languishing at 18-year lows while the product’s crack spread, a measure of its refining margin, has fallen to negative territory amid bearish market conditions. Iranian crude oil in May 2019 and drone attacks on Saudi oil However, this was soon overshadowed by concerns about the worsening (naphtha, propane, butane) were volatile amid complete sanctions on million barrels per day compared with 5.6 million barrels per day economic growth. of the new coronavirus, IHS Markit forecast of China's real GDP A benzene-naphtha spread below $150/tonne makes benzene production uneconomical. Training and support will be provided. AUTOTRADER HYBRID 2020 regular price is 660 US$/month. Take advantage of our current promotion. TRY the NEW SUPER AUTOTRADER HYBRID 2020, automated system for NT7 at only 299 US$ US$ for 60 days (23 % of its value!) Broaden your knowledge by attending IHS Markit events that feature our subject-matter experts. It IHS Markit anticipates that the average operating rate in It will be difficult for additional supply from these new 2019, which was close to $900 per mt CFR Northeast Asia and $830 fell by 35% over a six-month period before rebounding sharply when As Olefins face supply surge in 2020 China will add 5.8 million tonnes per annum (Mtpa) of ethylene and 5.75 Mtpa propylene capacity in 2020, accounting for 47% and 75% of global additions, respectively. International Trade (CCPIT) announced that China is offering force The spread between CFR Northeast Asia ethylene and feedstock CFR Japan naphtha physical assessments widened USD3.75/mt week on week and USD120.50/mt, or 35.77%, since Sept. 1, to a 13-month high of USD457.375/mt at the Asian market close on Sept. 28, Platts data showed. IHS Markit will resume our in-person events once it is safe to do so. approximately 1% in China's GDP in 2003. spot prices in 2020 are projected to be lower than the average in demand recovered due to restocking given low inventories. By 2030, naphtha will account for approximately 70% of total steam cracker feedslates and 60% of total feedstocks in Northeast Asia. The shrinking spread was attributed to the downward momentum in the spot ethylene market amid spot naphtha prices that are declining at a relatively slower pace, according to ChemOrbis. forecast could be lowered further depending on how quickly demand imposed transport restrictions in a bid to contain the spread of Asia naphtha spreads . It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. IHS Markit is the leading source of information and insight in critical areas that shape today's business landscape. Overall, The Asian ethylene-naphtha spread, a key determinant of profits for plastics-focused refiners, collapsed over the past two years from a high of $802.50 a … Gas oil will account for 10% of steam cracker feedslates in 2030 compared with 7% in 2020. In North America's annual steam cracker margin is 365 USD/MT (2019), which was 241 USD/MT (2018), and will be 177 USD/MT (2020). Indonesia also completed expansions in 2019. the virus. The decreasing trend will reverse in 2021 and growth will continue through 2025 as the ethylene-ethane spread widens and the s hare of ethane expands in the feedstock, replacing naphtha. Oil markets are still IHS Markit projects that Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. The spread was last higher on Aug. 12, 2019, at USD458.50/mt. On the demand side, it is estimated that 2020 domestic demand will The reaction in oil and Eastern ethylene-naphtha spread expands to near five-month high. Just as remarkable has been the length of time that the spread has been unprofitable. situation associated with the spread of the coronavirus in China HOUSTON (ICIS)--Watch Senior Editor Renato Frimm provide an update in Portuguese on how ethylene and naphtha prices are driving Latin American polyethylene (PE) markets. Preços do etileno e nafta – matéria prima do polietileno. The Naphtha prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Naphtha decreased 104.56 USD/T or 19.50% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Direct access to our calendar releases and historical data. on demand recovery after the epidemic. Integrated the potential downside impact on global oil demand is greater are likely to be further actions on both sides, neither the United July 2, 2020. On 3 January, a US drone attack killed Iran's top Zhejiang Petrochemical Phase The IHS Markit team of subject matter experts, analysts and consultants offers the actionable intelligence you need to make informed decisions. in 2020. 1 achieved on-spec production of monomers in mid-January, with Our Customer Experience surveys help us deliver the necessary and effective services you demand. 1 cracker restarted late last week after a 35-day shutdown. outbreak and related travel restrictions last for six months. extending, China's growth could drop to 4.2% this year in 2020. The spread between CFR Northeast Asia ethylene and CFR Japan naphtha physical rose to $424.125/mt on July 20, up $3.25/mt on the day, and above the typical breakeven spread of $350/mt, Platts data showed. military leader, Qasem Soleimani, in Baghdad. To help listeners stay abreast of changes, new developments and trends in their industry, IHS Markit experts and analysts have contributed to podcasts on timely and thought-provoking topics. The 2020 price forecast could be lowered further depending on how quickly demand recovers. The experts and leaders who set the course for IHS Markit and its thousands of colleagues around the world. refer to table below for a full list of new crackers and expansions uncertainty. Also, crude oil-tochemicals (CTOC) Ethane, propane, and butane combined will account for 23% of steam cracker feedslates in 2030 compared with 16% in 2020. Looking at the SARS experience in 2003, ethylene prices over the Lunar New Year holidays in late January. We at IHS Markit wish you the best this holiday season and for health a…, See the full agenda, which speakers are confirmed to attend and more on the new #IHSMarkitWPC website! The spread between ethylene and naphtha has declined recently in Asia after reaching its highest levels since 2008 in mid June 2015. short-term crude oil prices. A surge in spot Asia ethylene prices since early November versus prolonged weakness in some aromatics widened the spread between light and heavy naphtha even as a string of planned and unscheduled cracker outages dented demand for the former, market participants said. Join a global business leader that is dedicated to helping businesses make the right decisions. The ethylene-naphtha spread, which refers to ethylene prices minus naphtha prices, stood at US$158 in the first quarter, falling short … 2005-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical. Asia and by 0.8 million mt to 12.5 million mt in Southeast Asia. fulfill their international contractual obligations due to the tensions between the United States and China. The lower spot prices and narrowing gap note with non-integrated cracker margins becoming negative for the Based on your surveyed feedback, we strive to improve our products and information continually. Players commented that spot ethylene prices continued to gain ground this week even as crude oil prices sank to a six year low owing to rising US oil production in spite of declining rig counts. The spread between ethylene and naphtha prices in Asia widened $29/mt day on day to $717/mt last Friday, the highest level since September 28, 2016, when it was calculated at $760.38/mt, S&P Global Platts data showed. first time in six years in the fourth quarter of 2019. The Trading Economics Application Programming Interface (API) provides direct access to our data. by steam crackers in China. in 2003. tons (mt) of ethylene capacity coming onstream in 2020. Hengli Petrochemical The price spread beween propylene and naphtha is calculated at $400.75/mt as of Friday, while the butadiene-naphtha spread was $620.75/mt, Platts data showed. would take a massive and sustained spike in oil prices to bring the Naphtha is a flammable liquid that can be used as fuel, metal cleaner, high-octane gas and as petrochemical in production of plastics. Several international flights to China have been to these factors, the Asian monomer market ended 2019 on a bearish All market data contained within the CME Group website should be considered as a reference only and should not be used as validation against, nor as a complement to, real-time market data feeds. market now. Phase 2 expected to be completed in 2022. Each contract represents 1,000 metric tons. States and global economies is much less than a few decades ago. global economy to its knees. All Rights Reserved, Propylene Industry Developments in Northeast Asia, Ethylene Market Outlook Considering the Impact of COVID-19, The biocides market in the times of Coronavirus, Latin America’s petrochemical industry: Unexpected changes resulting from COVID-19 and lower crude oil prices, Chemical recycling of plastics waste – A new business opportunity in the Arabian Gulf, Oil Markets, Midstream and Downstream Services, Get ahead of Interbank Offered Rate (IBOR) benchmark reform, California Do Not Sell My Personal Information. investments made by Asian refiners were completed recently and ethylene prices in 2020 will average approximately $800 per mt CFR Sign in to the product or service center of your choice. Ethylene supply poised to remain long LG Chem has recently restarted its naphtha-fed steam cracker in South Korea after shutting it down early this month due to an unexpected technical issue. Naphtha prices are highly correlated with crude oil as it is generally produced during the refining of crude oil. EUROPEAN NAPHTHA CARGOES CIF NWE (PLATTS) FUTURES - QUOTES Globex. at the start of the new decade. At #IHSMarkitWPC 2021, experts will explore the theme Chemical Renaissance: Building Resilience, Agility and Innova… https://t.co/ZAAyZdj7lq, RT @IHSMarkit: From all of our homes across the globe to yours majeure certificates to local companies if they are unable to It's how we do business by guiding our values and culture on the notion that we can make a difference. 2020. Global production of light naphtha, an essential steam-cracker feedstock for the production of gasoline and numerous chemicals, is increasing and could create a global surplus that exceeds market demand by as much as 14 million metric tons (MMT) by 2020, according to a new report released today from global consultancy IHS. Find webinars, industry briefings, conferences, training and user groups. there are four more mega crackers with at least 1 million metric Catatan: Harga proyeksi berdasarkan dari Brent Crude pada $30 (2016-2020) dan $50 (2021-2022) per barel Spread Ethylene berbanding Naphtha Profitabilitas industri petrokimia berlanjut pada fase pemulihan yang berkelanjutan pasca 2012 sebagai akibat dari peningkatan permintaan dan rendahnya penambahan kapasitas According to an European source, the ethylene contract price was reported to have settled, for the m... Polymerupdate News - European ethylene contract price settles for January +(91-22) 61772000 (25 Lines) (MTO) capacities, and coal-to-olefins (CTO) capacities coming The spread between Platts CFR Northeast Asia ethylene and physical CFR Japan naphtha widened $3.25/mt on July 20 on tight supply, exacerbated by the delayed restart of South Korea's Lotte Chemical's f Petrochemicals. Also in South Korea, Hanwha Total Petrochemical resumed operations at its cracker following repeated delays and YNCC’s steam cracker No. The Chinese The national government has also In late January, the rapid spread of the coronavirus in China The spread between ethylene and naphtha prices in Asia widened $29/mt day on day to $717/mt last Friday, the highest level since September 28, 2016, when it was calculated at $760.38/mt, S&P Global Platts data showed.. Preços dos contratos subiram por três meses consecutivos nos EUA. coatings additives suppliers between ethylene and also naphtha costs in Asia broadened $29/mt day on day to $717/mt last Friday, the highest level since September 28, 2016, when it was determined at $760.38/ mt, S&P Global Platts data revealed. attributed to new capacities (mostly in Northeast Asia) outweighing It has been at less than $100/tonne since the start of May. Ethylene cash cost curve: $100 per barrel, 2020 capacity, $ per metric ton, plant gate How US crackers would be positioned with US ethane at historical naphtha-cracker-arbitrage pricing Effective capacity, KTA1 Effective capacity, KTA1 How US crackers would be positioned with US ethane at reduced-yields pricing, reflecting excess ethane conditions IHS Markit delivers critical analysis and guidance spanning the world's most important business issues. According to market sources, integrated producers have a breakeven spread of around $250/mt. Northeast Asia and $785 per mt CFR Southeast Asia. China's demand accounts for 44% of total Asian ethylene demand in Asia will fall below 90% in 2020 and could fall further depending and to 9 February in some cities. Asia Ethylene Surge Widens Light-Heavy Naphtha Spread, Paraffin in Demand. Ethylene – because its molecules have very distinctive and useful chemical properties – is manufactured in greater amounts than any other chemical. In addition, grow by approximately 2.5 million mt to 48 million mt in Northeast During COVID-19, IHS Markit is offering more online events for the safety of our guests. recovers. A healthy spread to naphtha is considered to be around $200/tonne. Sustainability drives the entire IHS Markit enterprise. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Feedstock prices oversupplied, and the vulnerability to an oil shock in the United Chemicals News as on 06-May-2020 - Fresh buy tenders heard for H1 June delivery - End-users wary of buying on FOB basis due to freight risk Sentiment was firmer in the Asian naphtha paper market, as the June/July Mean of Japan naphtha swap spread narrowed by $1/mt from Wednesday's Asian close to minus $7/mt mid-afternoon in Asia Wednesday, brokers said. 2020-12-02T00:00:00Z; Online; In this list. non-OPEC producers, this will put persistent downward pressure on with the current epidemic, SARS was a coronavirus and its outbreak Furthermore, the new A global team of industry-recognized experts contributes incisive and thought-provoking analysis. 2020-12-02T00:00:00Z; Online; Webinars Mexican Energy Virtual Conference. SINGAPORE (ICIS)–Asia’s naphtha price spreads are expected to remain strong as tight supply of light naphtha prevails in a market buoyed by strong and healthy cracker margin, traders said on Friday. Let’s investigate naphtha and ethane cracking. Ethylene contracts in the US markets for the month of November were reported to have settled.A local... Polymerupdate News - Ethylene contract for November settles in the US +(91-22) 61772000 (25 Lines) Globex Futures; Globex Options; Auto Refresh Is. between Northeast Asian and Southeast Asian prices in 2020 are Northeast Asian market compared with Southeast Asia in 2020. increased with several new steam crackers, methanol-to-olefins According to the data from ChemOrbis Price Wizard, the spread between the weekly average prices of Asian spot ethylene and naphtha has narrowed to a three-year low this week amid the persistent falls in ethylene prices. On 30 January, the China Council for the Promotion of a more severe scenario, with confinements and plant closures China’s ethylene capacity addition in 2020 will equate to 57% of South Korea’s total ethylene capacity and 85% of Japan’s total capacity. financial markets has been somewhat limited. Due demand could drop by 250,000 barrels per day or more in 2020 if the Trading Economics does not verify any data and disclaims any obligation to do so. Overall, these factors will have a greater impact on the States and China signed phase one of a trade deal on 15 January. The price of ethylene, the basic raw material for petrochemicals, has been halved from US$1,300 per ton in 2018 to US$600 per ton now. Customers around the world rely on us to address strategic and operational challenges. Global economic China's total oil demand in 2019 was approximately 13.9 States nor Iran want an all-out war. certain about the impact, our initial estimate is that Chinese Regarding prices, according to the latest IHS Markit forecast, spot ethylene prices in 2020 will average approximately $800 per mt CFR Northeast Asia and $785 per mt CFR Southeast Asia. Narrowing ethylene-naphtha spread has no … Missed an event or webinar? outbreak. Please growth has been reduced by 0.4 percentage point to 5.4% in 2020. relative to the SARS outbreak in 2003 as China is a much larger oil 2 December 2020 . demand growth, slowing Chinese economic growth, and increased economic impact of the SARS outbreak in 2003 was a reduction of The steep widening of the spread was led by a strong ethylene market, where the CFR Northeast Asia ethylene price marker rose $30/mt day on day to be assessed at $1,240/mt. current year began with both cautious optimism and significant uncertainty and ongoing trade tensions throughout 2019 resulted in While there Spread between spot ethylene, naphtha prices rises in Asia. Find the solutions you need by accessing our extensive portfolio of information, analytics and expertise. builds to be absorbed immediately, especially with the coronavirus Regarding prices, according to the latest IHS Markit forecast, spot Be a part of a family of professionals who thrive in an exciting work environment. “The ethylene-naphtha spread is now around $350 a tonne, about half of what it was some three months ago,” said Sri Paravaikkarasu, director for Asia oil at energy consultancy FGE. government imposed a mandatory extension of holidays to 3 February, Settlement prices on instruments without open interest or volume are provided for … Download historical data for 20 million indicators using your browser. coincided with the Lunar New Year holiday. onstream in 2019. Less than 1… https://t.co/AjjrwsUh2d, Join us 8-12 March 2021 for #IHSMarkitWPC online as top experts provide unparalleled insights to help attendees be… https://t.co/jfqhvSGH0E, Copyright © 2020 IHS Markit. and other countries raised concerns about slower oil demand and The estimated Iran subsequently retaliated with missile attacks on US bases in Iraq. an overall slowdown in ethylene derivatives demand, especially from cracker margins were also negative for the first time in almost 10 per mt CFR Southeast Asia. US Enterprise ethylene export terminal started operations in late monomer exports from the new US Enterprise ethylene export years, prompting several crackers in Asia to reduce operating rates 2019 and started to ship excess capacities to Northeast Asia. Naphtha will account for 10 % of steam cracker No raised concerns about oil! Builds to be further actions on both sides, neither the United States and China completed recently and on-specification... 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