European ethylene supply continues to be tight April-May cash gap is difficult to ease

Share:

Market sources revealed that by the regional cracking plant production cuts, planned maintenance, superimposed on the geopolitical conflict caused by the continued impact of the global raw material supply chain disturbances, April-May European domestic ethylene supply tensions in the short term is difficult to ease.

Market sources revealed that by the regional cracking plant production cuts, planned maintenance, superimposed on the geopolitical conflict caused by the continued impact of the global raw material supply chain disturbances, April-May European domestic ethylene supply tensions in the short term is difficult to ease. Spot import resources flowing across the Atlantic and Asia are extremely scarce, overseas export volumes are largely locked in by long-term contracts, and spot sources for immediate delivery are scarce.

Market Status and Trading Dynamics

market data show that from April to May, the negotiation activities of import buyers in Europe in recent months basically stagnated. Downstream factories and traders have postponed the vast majority of cross-border import inquiries, pricing negotiations and purchase negotiations until June. The market generally expects that in the middle of the second quarter, global export supply, ocean shipping scheduling, spot supply flexibility and other factors will be gradually repaired. The fundamentals of the continued tight supply of ethylene in Europe are supporting strong spot prices and stronger contract prices.

Corporate strategy and follow-up concerns

downstream polyethylene processing enterprises in the context of increased supply uncertainty, still to lock forward supply as the main strategy. In the next two months, there will be no new cracking units in Europe to resume production or production capacity, and the regional supply gap will be difficult to improve quickly. The market's follow-up focus will focus on key market nodes such as June import arrival, global export supply repair progress, and European ethylene monthly contract settlement.

Previous

Isopropyl alcohol industry chain weekly report: upstream differentiation intensified, isopropyl alcohol fell first.

Next

China Fujian Zhongsha Gulei Ethylene Project Polypropylene Plant Zhongjiao

Quick inquiry

Create

Inquiry Sent

We will contact you soon