PetroChem Wire Reports
PetroChem Wire reports provide daily prices for NGLs, monomers, polymers and covers the entire petrochemical market, including NGLs, ethylene and propylene, olefin and polymers and prime grade and recycled plastics.
Keeping Pace with the Rapidly Changing
Global Aromatics & Fibers Markets
Aromatics products directly impact the costs, margins, and supply-demand positions of multiple downstream industries such as styrenics, nylon, polyester, polyurethanes, and phenolics. Aromatics experts from Chemical Market Analytics understand the strategic market drivers for your aromatics and derivatives business and can explain critical market developments.
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Aromatics & Fibres Strategic Insights
Sustainability
Although more pressing crises are focusing attention on aromatics producers, sustainability remains a key objective to avoid plastic recycling taxes and anticipated future emissions charges. Development work is progressing in the polyester, styrenics, polyurethane and nylon chains, as well as other areas. Long term, this will impact virgin demand for intermediate products or feedstocks
Mainland China margins
Following the COVID pandemic, mainland China’s petrochemical market has exhibited less robust growth than previously experienced. The large aromatics capacity that has been added in mainland China in recent years has led to weak or even negative production margins, leading to extended shutdowns of capacity or even permanent closures in mainland China and other parts of Asia.
Mainland China Self-Sufficiency
Mainland China has undergone a period of rapid capacity expansion in aromatics over recent years, moving the country significantly closer to self-sufficiency for benzene, styrene, phenol and paraxylene. This will significantly reduce the need for imports from other parts of the world, putting exporters to mainland China under more business pressure. Mainland China is also becoming more active in export markets.
Octane pressure
US and European gasoline markets have displayed unprecedented strength over the last three years, following global refinery rationalizations and a recovery of gasoline demand post-COVID. This has widened the gasoline-to-naphtha spread, allowing more naphtha to be blended into gasoline but requiring additional high-octane aromatics components such as mixed xylenes, toluene, cumene and even ethylbenzene in the gasoline blend to meet overall octane specifications. High premia over gasoline have been paid for aromatic octanes since 2022, creating additional cost pressure on some downstream aromatic derivatives. This environment is expected to endure for a number of years.
Refinery Rationalization
As gasoline demand wanes through the energy transition, refineries are likely to come under pressure and some are expected to be rationalized. This could lead to the loss of feedstocks at some aromatics production sites or significantly disrupt the availability of feedstocks for virtually integrated producers. Weaker long term gasoline crack spreads to crude oil are also expected to impact pygas gasoline blending economics, incentivizing more extraction of benzene from pygas.
Carbon Emission Allowance
The launch of a CEA (carbon emission allowance) scheme for petrochemicals is anticipated over the next 4-5 year period in mainland China, changing the cost structures of aromatic producers
Aromatics & Fibres solutions cover both near-term and long-term outlook, equipping you with comprehensive market insights
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Chemical Market Analytics delves deep into the aromatics industry value chain to provide our clients with comprehensive solutions, offering the necessary information and consulting services required at each stage.
PetroChem Wire reports provide daily prices for NGLs, monomers, polymers and covers the entire petrochemical market, including NGLs, ethylene and propylene, olefin and polymers and prime grade and recycled plastics.
Short-term outlook - provide accurate current and near-term market data and analysis for plastic chemicals as well as the raw materials, energy and feedstock.
Long-term outlook - provides long-term chemical market trends and supports strategic planning and business reviews by adding robust operations support with current actionable data and expert analysis.
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Executive Director, Polyester Fibers, Glycols & EO Derivatives Chemical Market Analytics by OPIS
Read BioVice President, Global Aromatics & Fibers Team Lead Chemical Market Analytics by OPIS
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Read BioExecutive Director, China Aromatics & Fibers Chemical Market Analytics by OPIS
Read BioVice President Aromatics and Fibers, EMEA Chemical Market Analytics by OPIS
Read BioVice President, Asia Aromatics & Fibers Chemical Market Analytics by OPIS
Read BioVice President, Global Ethylene Oxide | Ethylene Glycol Chemical Market Analytics by OPIS
Read BioExecutive Director, Global Nylon Fibres & Feedstocks Chemical Market Analytics by OPIS
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