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

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

July 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

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

Yes No

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

Yes No

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


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



X