Global ethylene demand grew over 5% in 2004. Ethylene unit utilization in all regions increased significantly, and prices in all regions were sustained at historically high levels. Profitability impro..
Global ethylene demand grew over 5% in 2004. Ethylene unit utilization in all regions increased significantly, and prices in all regions were sustained at historically high levels. Profitability improvement over 2003 in the major ethylene end-use chains was substantial, says an analysis from CMAI (www.cmaiglobal.com).
All basic market fundamentals are indicating the global ethylene industry has entered into a strong period of recovery that should carry well into 2006 and could extend into 2007. Cash margins for major regions – North America, Asia and West Europe – will accelerate to a substantial level during 2005 and be maintained above reinvestment levels through 2007.
Log in to view this article.
Not Yet A Subscriber? Here are Your Options.
1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.
2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.
3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription. For information about group rates or multi-year terms, contact email Peter Ramsay or call +44 20 3409 2240*.
*Access will be granted the next business day.