¾ÝICISÍøÕ¾9ÔÂ13ÈÕÂ׶ر¨µÀ£¬È«Çò¾¼Ã·Å»ººÍÐèÇóϽµµÄÍþв£¬²¢Ã»ÓÐ×èֹŷÖÞÒÒÏ©Áѽâ×°ÖÃÀûÈóÂÊÔÚ¹ýÈ¥Ò»ÄêÀïµÄÔö³¤¡£
ÓÉÓÚ8Ô·ÝÒÒÏ©ÀûÈóÂʱÈ2018ÄêͬÆڸ߳ö50%£¬Êг¡¶ÔÉú²úÉÌÓÐÀû¡£
¸ù¾ÝICISÀûÈóÂÊ·ÖÎö£¬Å·ÖÞʯÄÔÓÍÁѽâ×°ÖõĺÏÔ¼ÀûÈóÔö¼ÓÁË164Å·Ôª/¶Ö£¬´ïµ½536Å·Ôª/¶Ö¡£
ʹÓÃÒº»¯Ê¯ÓÍÆø£¨LPG£©µÄÁѽâÆ÷µÄºÏÔ¼ÀûÈóÂÊÉÏÉýµÃ¸ü¿ì¡ª¡ªÉÏÕÇ277Å·Ôª/¶ÖÖÁ787Å·Ôª/¶Ö¡£
ÁѽâʯÄÔÓÍÉú²úÉ̵ÄÏÖ»õÀûÈóÂÊÔö¼ÓÁË160Å·Ôª/¶Ö£¬ÖÁÿ¶Ö520Å·Ôª¡£
ÄÇЩÁѽâÒº»¯Ê¯ÓÍÆøµÄÏÖ»õÀûÈóÉÏÕÇÁË289Å·Ôª£¬ÖÁ766Å·Ôª/¶Ö¡£ÕâÖÖÉÏÉýÇ÷ÊÆÓë½ÏµÍµÄÔÁϼ۸ñÖ±½ÓÏà¹Ø¡£
¾¡¹Ü8Ô·ÝÒÒÏ©ºÏͬ²Î¿¼¼Û¸ñ±È2018ÄêͬÆÚϽµÁË14%£¬µ«ÓëʯÄÔÓͺÍÒº»¯Ê¯ÓÍÆø³É±¾Ï½µµÄËÙ¶ÈÏàÈ¥ÉõÔ¶¡£
ʯÄÔÓ͵ļ۸ñ±È2018Äê8ÔÂϽµÁË33%£¬¶ø±ûÍéºÍ¶¡ÍéµÄ¼Û¸ñ·Ö±ðϽµÁË49%ºÍ46%¡£
×ܵÄÀ´Ëµ£¬Ê¯Óͳɱ¾µÄ´ó·ùϽµ£¬ÓëʯÄÔÓ͵ÈÒº»¯ÔÁϵÄʯ»¯Éú²úÉ̵ÄÀûÈóÂÊÓÐËù¸ÄÉÆÓйء£
Õâͨ³£ÊÇÒÔÉú²úÕßʹÓò»Ö±½ÓÀ´×ÔʯÓ͵ÄÔÁÏΪ´ú¼ÛµÄ£¬ÀýÈçÄÇЩʹÒÒÍéÁѽâ»òʹÓü״¼ÖÆÏ©Ìþ£¨MTO£©¼¼ÊõµÄÔÁÏ¡£
ºÂ·Ò Òë×Ô ICIS
ÔÎÄÈçÏ£º
Europe ethylene margins soar on the back of lower feedstock prices
The threat of a global economic slowdown and declining demand have not stopped ethylene cracker margins in Europe from growing over the last year.
The market has fallen in favour of producers, as ethylene margins in August were 50% higher than in the same month in 2018.
According to ICIS margin analysis, naphtha-based crackers in Europe increased their contract margins by €164/tonne of ethylene produced, reaching €536/tonne.
Crackers using liquefied petroleum gas (LPG) have seen their contract margins go up even more ¨C a rise of €277/tonne to €787/tonne.
Spot margins for producers cracking naphtha increased by €160/tonne, reaching a total of €520/tonne.
Those cracking LPG rose their spot margins by €289 to €766/tonne.
The rising trend is directly linked to lower feedstock prices.
Although the ethylene contract reference price was 14% lower in August than in the same month of 2018, it has not kept pace with the decline in naphtha and LPG costs.
Naphtha values fell by 33% compared to August 2018, while propane and butane prices dropped by 49% and 46%, respectively.
In general, a collapse in the cost of oil, like the one registered in October 2018, is associated with an improvement in margins for those petrochemical producers who crack liquid feedstocks such as naphtha.
This is typically at the expense of producers using feedstocks not directly derived from oil, like those who crack ethane or use methanol-to-olefins (MTO) technology.