ICIS offers an unparalleled range of short-to-long term solutions that are derived by our network of locally based market experts, to provide you with the information you need to effectively enter or trade in the Chinese ethylene markets.
Updated to Q2 2014
Asian ethylene prices were at $1,450-1,490/tonne CFR (cost & freight) northeast (NE) Asia at the end of June, compared with $1,430-1,445/tonne CFR NE Asia three months earlier. The market was bolstered by tight regional supply, increased spot demand and strong feedstock naphtha costs.
Prices were relatively stable in the low-to-mid $1,400s/tonne CFR NE Asia during April to the first half of June, as limited supply caused by cracker turnarounds in Japan was offset by the generally weak performance of the downstream markets.
However, restocking activity in China and tightening supply in Taiwan on the back of limited spot volumes from northeast Asian producers led prices to increase to up to $1,490/tonne CFR NE Asia at the end of June.
Chinese spot demand for second-half July and early-August arrival cargoes was driven by reduced domestic production amid insufficient feedstock naphtha and cracker turnarounds. In Taiwan, some buyers are expected to seek import cargoes in August and September to make up for the lower supply from domestic producer Formosa Petrochemical Corp (FPCC), which is shutting its 1.2m tonne/year cracker from mid-August. The possible permanent closure of Taiwan’s CPC Corp’s 500,000 tonne/year No 5 cracker in July added to the supply uncertainty.
We offer the following regional Ethylene coverage to keep you informed of factors and developments affecting prices in the China Ethylene marketplace.
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Ethylene is a colourless, odourless, extremely flammable compressed gas. It is slightly soluble in water and soluble in liquid hydrocarbons. It reacts with strong oxidants causing fire and is anexplosion hazard..
Ethylene China Margin Report Methodology
This document is intended to provide methodology support for customers receiving the ICIS Weekly Margin – Ethylene China report.
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Key information in this study includes:
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Key information in the report includes:
The ICIS Supply and Demand Database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up until 2030 for ethylene in China. The service combines fully reconciled supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or country specific perspective.