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Asian Chemical Connections

European PE and PP: Energy cost and demand crisis gathers momentum as pricing falls closer to China levels

The chart shows European
dependence on Russian gas compared with country-by-country percentages of the region’s total PE capacity, Germany is the standout risk country as it has a nearly 50% reliance on Russia for its gas supplies with a total of more than 70% of Europe’s PE capacities across the three grades. In the case of the Netherlands, it is the location for just under 40% of capacities with its dependence on Russian gas at around 20%.

China could either see net imports of 63m tonnes in 2021-2031 or net exports of 18m tonnes!

By John Richardson CONFUSED BY the above chart? Once again I certainly hope so, provided confusion is not followed by blind paralysing panic. The chart, showing three scenarios for China’s net polypropylene (PP) imports in 2021-2031, follows last week’s chart of 2021-2031 high-density polyethylene net imports. Confusion is valuable because we need to go back […]

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