Home / Knowledge / News / Textiles / Global ethylene consumption to increase by 2010
Global ethylene consumption to increase by 2010
21
Feb '08
Industrial experts expect that by 2010, global ethylene demand will take a huge leap, taking the consumption upto 30 million tons per year.

Among the ethylene consuming countries, China's demand for ethylene will increase by 50 percent from current level of 20 million tons per year. However over the same period, new ethylene production capacity in Middle East alone will be 16-21 million tons per year. China's new capacity will be as high as 12 million tons per year.

As the production pace of new capacity is faster than demand growth, global ethylene plant production rates will be reduced from current 95 percent to below 90 percent in 2010. It will bring greater pressures to profitability of manufacturers and the global ethylene market will turn weak from firm.

It is expected that world ethylene production will reach 155 million tons in 2010 with 39.5 million tons of new capacity, 83 percent of the new capacity will be concentrated in Asia-Pacific and Middle East.

Experts anticipate that ethylene industry will fall to its lowest point of production cycle in during 2011-2012 year due to excess production capacity.

Market express of ethylene prices on Feb 20

Asia region ethylene prices:

Ethylene, CFR Northeast Asia, at US $1330-1340 per metric ton.
Ethylene, CFR Southeast Asia, at US $1270-1280 per metric ton.

Far East region ethylene prices:

Ethylene, FOB Korea, at US $1445 per metric ton.
Ethylene, FOB Japan, at US $1445 per metric ton.

Europe ethylene prices:

Ethylene, FD Northwest Europe, at Euro 957-961 per metric ton.
Ethylene, CIF Northwest Europe, at US $ 1375-1385 per metric ton.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Top executives
Textile industry, India

The event should be organised every year

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search