UNITED STATES
CHINA
INDIA
EUROPE
RUSSIA/CIS
MIDDLE
EAST
SOUTHEAST
ASIA
New POLYETHYLENE (PE) capacities to have widespread impact By Linda Naylor & Katherine Sale
Global PE expansions
Zhongtian Hechuang Energy
370, 2017
Inner Mongolia, China
PTT Global Chemical
300, Q4 2017/2018
Map Ta Phut, Thailand
Chandra Asri
400, 2020
Cilegon, Indonesia
Sasol
890, H2 2018; 2019
Lake Charles, Louisiana
Oman Oil
880, 2020
Sohar, Oman
Kordestan
Petrochemical
400, 2017
Sanandaj, Iran
Unipetrol
270, 2019
Litvinov, Czech
Republic
Petro Rabigh
160, Q3 2017
Rabigh, Saudi Arabia
Dow*
125, 2018
Seadrift, Texas
St Charles, Louisiana
*125kt between these 2
locations
Dow
400, mid-2017
Freeport, Texas
INEOS/Sasol
470, Q4 2017
LaPorte, Texas
LyondellBasell
500, mid-2019
LaPorte, Texas
ExxonMobil
650R, 2019
Beaumont, Texas
Total/Borealis/NOVA
625, end 2020
Bayport, Texas
Texas
Louisiana
Texas &
Louisiana
Shenhua Ningxia
450, 2017
Ningxia, China
Jiangsu Sailboat
300, May 2017
Jiangsu, China
Zhong’an Lianhe
Coal
350, 2018
Anhui, China
Shanxi Coking
300, 2019
Shanxi, China
Dow
400, Q4 2017
Plaquemine, Louisana
ELITE PE
Borstar PE
PE
HDPE
LDPE
Bimodal HDPE
LLDPE
MDPE
EVA
mLLDPE
Turkmenneftegaz
386, 2019
Kiyanla,
Turkmenistan
GAIL
400, H2 2017
Uttar Pradesh,
India
Chevron Phillips
1,000, mid-2017
Sweeny, Texas500 500
Formosa Plastics
800, H2 2018
Point Comfort, Texas400 400
ExxonMobil
1,300, end 2017
Mont Belvieu, Texas650 650
470 420
OPaL
1,060, H2 2017
Dahej, India720 340
Reliance
950, Aug 2017
Jamnagar, India550 400
SIBUR
1,500, 2020
Tobolsk, Russia800 700
Sadara
1,100, Q4 2016/2017
Al Jubail, Saudi Arabia750 350
Capacity: ‘000 tonnes/year
As new PE capacity comes on stream globally – which started in 2017 and will continue into 2018 and beyond – the impact on the global supply and demand balances will be far reaching. There is concern
that tariffs on US material to China will exacerbate their impact, and fresh trade routes will have to be found, irrespective of the potential impact on the pricing. Europe is particularly open to such impact.
PETRONAS
350, mid-2019
Johor, Malaysia
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The spread hit high levels in 2015 on supply shortages,
and has been decreasing ever since.
There is a clear correlation between higher import levels and
lower linear low-density PE (LLDPE) C4 spot pricing.
750
1,000
1,250
1,500
1,750
Jan
2018
Jan
2017
Jan
2016
May
2015
EUR/tonne
PE LDPE GP Film NWE Assessment Spot 0-4 Weeks Full Market Range (Mid)
Ethylene FD NWE Contract Reference Price Contract Reference Month Announce (Mid)
0
2k
4k
6k
8k
10k
12k
14k
Jan-2018Sep-2017May-2017Jan-2017
1,120
1,140
1,160
1,180
1,200
1,220
1,240
1,260
tonnes EUR/tonne
ImportsintoEU
PELLDPEButeneC4FDNWE(Mid)
LLDPE imports and spot pricesSpot LDPE v ethylene contract
ICIS at NPE 2018
7-11 May, Orange County Convention Center
ICIS is exhibiting at NPE, one of the largest plastic shows in North America.
Visit us at booth #16037 to discover how we can help you navigate through
the continued changes in the plastics markets:
n Collect your free copy of our newly published trade flow maps
n Discover our new analytics solutions
n Find out more about our worldwide consulting services
n Meet with ICIS and learn more about our integrated data solutions
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