The 2010 Middle East to seize the global polyolefins market – china car wash wax
Outlook 2010, the Middle East petrochemical industry is still moving in the fast growing road. U.S. Energy Information Administration (EIA) expects world oil demand will increase 2.1%, the average price of crude oil close to 80 U.S. dollars / barrel. As the rich hydrocarbon resources, as strong oil prices and increased demand, the Middle East petrochemical industry will expand rapidly this year, the Middle East as a global hub for basic petrochemicals will be very strong.
Completion of the Middle East is oil exports from the simple export of petrochemical products to a variety of changes. Gulf petrochemical and chemical Association (GPCA) Secretary-General Al – sadyn said the Middle East petrochemical production currently accounts for about 11% globally by 2015 this proportion will rise to 16%, up 115 million tons / year. ExxonMobil Chemical CEO Steve? Pryor expected next 10 years the world trade in petrochemical products will double, which occupies 75% of the Middle East will share in net exports. American Chemical Council (ACC) predicted that by 2010 the Middle East, chemicals production will steadily, which will increase by 6.3% in Saudi Arabia, Qatar increase of 7.4%, Kuwait 3.2% increase in UAE increased 3.4%, Iran 2.2% increase.
With low-cost ethane feedstock advantage, the Middle East petrochemical construction boom continues, and will peak this year. Iran, the Middle East this year, Saudi Arabia and other countries will have a total of more than 5 million tons / year ethylene cracker production, with production capacity accounts for about 4% of the world's total.
It is understood that the Middle East in 2010 include new ethylene cracker Morvarid petrochemical project in Iran, Qatar's Ras Laffan Olefins project, the Saudi petrochemical project in the East (Sharq) and the second set of Borouge cracker, expansion of production capacity is mainly used in exports, especially in Asia.
Production capacity of ethylene and its derivatives as a significant increase in the next five years, the Middle East will become the main origin of polyolefin. ICIS analysis, the end of 2010, the Middle East's ethylene production capacity over Europe, nearly 20% of the world's total capacity.
Despite the large number of Middle East expansion polyolefin, the polyolefin industry this year is still optimistic about the market. Borouge Marketing CEO William? Hill said that as China and India will maintain a high growth, high value-added alternative to traditional materials such as plastics, polyolefins consumer market remains stable, he is still optimistic about this year's polyolefin market. Analysts pointed out that the price depends on polyolefin raw material costs. If this year the price of crude oil and naphtha at a high level, then the price will remain stable polyolefin. On the other hand, the steady growth of the downstream market has increased the confidence of investors in the Middle East petrochemicals. It is estimated that this year's global demand for polyethylene and polypropylene will grow 5% -7%, of which the packaging industry and the Middle East, the Indian auto industry for the polyolefins market new growth. Industry experts believe that China's huge demand for vinyl imports, the Middle East products with an absolute price advantage, often Zhen Yong on the "Daily Economic News", told reporters that in view of Europe and the United States, South Korea and Japan and other traditional oil import market is more mature, a small increase in demand , high grade of products, China will be a large number of surplus Middle Eastern countries the main target market of oil products.
Economic and Technical Research Institute of Sinopec Group's chief expert Shu Zhaoxia on the "Daily Economic News", said the cash cost of the Middle East petrochemical products less than 30% of our low cost. The development of the Middle East ethylene mainly cheap and abundant local natural gas and hydrocarbon raw materials, coupled with large-scale installations, technical level is high (and multinational joint ventures), with significant competitive advantage. Chang Chun Yong said the Middle East ethylene, polyethylene, ethylene glycol production cost in China is only 20% to 30%, polypropylene higher cost, but only 75% of our country, nearly half of the ethylene plant, or discontinued, according to relevant department predicts that by 2015, the Middle East polyethylene, ethylene glycol, polypropylene, PTA and other petrochemical products exports to China could reach 16.82 million tons total more than 3.5 times the 2008 increase. In order to promote the two countries exchange of petrochemical industry, China Petroleum and Chemical Industry Association, China Chemical Network join the Iranian Chamber of Commerce in May Copolymer Ningbo, invited two senior industry experts held "in the Iranian petrochemical industry, Investment and Trade Fair", with you to discuss with the continuous expansion of production capacity between China and Iraq under the petroleum products market, please consult 0531-62311961
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