立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
石化产品

Asian petrochemical H1 outlook: Aromatics in focus

Platts Forward Curves - [石油]

石油 | 原油 | 石油风险 | 石化产品 | 芳烃 | 烯烃 | 石化风险 | 聚合物 | 溶剂和中间产品

London-SPGlobal-Platts-University

煤炭 | 液化天然气 (LNG) | 天然气 | 石油 | 原油

Platts Analytics:今年亚洲LNG现货价格可能跌破3美元/百万英热

观看: Asian petrochemical H1 outlook: Aromatics in focus

Many of Asia’s petrochemical markets have put behind them a good year for producers, who have mostly been seeing good margins for their products. But there are some dark clouds appearing on the horizon.


In this video, Gustav Holmvik, Team Leader - Asian Petrochemicals, looks at the factors that could affect the region's aromatics market, including expansions in China, plant shutdowns, as well as anti-dumping investigations.

查看完整文稿

Video Transcript


Asian petrochemical h1 outlook: Aromatics in focus

By Gustav Holmvik, Team Leader, Asian Petrochemicals


Welcome to The Snapshot, a series examining the forces shaping and driving global commodities markets today.


Many of Asia’s petrochemical markets have put behind them a good year for producers, who have mostly been seeing good margins for their products. But there are some dark clouds appearing on the horizon -- supply is increasing both internationally as well as within the key import market China. And crude oil prices have risen to above $70/barrel in January.


Benzene and paraxylene feedstocks such as toluene and mixed xylenes have seen large expansions in China in 2017, which in part have led to lower imports of those products by the Asian giant. But, this could be good news for producers of benzene and PX. Could new tax rules being implemented by China in March bring MX and toluene back into favor for Chinese importers? That’s something we’ll be watching out for.


Paraxylene, a key market in Asia, has recently seen its demand boosted by restarts of idled PTA plants in China. Going forward supply could be snug amid several paraxylene plant maintenance shutdowns. But new plants are expected to start production soon in the Middle East and Southeast Asia, adding more supply to the market.


However, the biggest threat is yet to come. Chinese PTA producers are building their own paraxylene plants. When these juggernauts start production - some possibly from the end of this year - the paraxylene market may start to change in a dramatic way.


In benzene, another key market, the expansion of downstream capacities in China and its growing appetite for benzene as a feedstock is expected to remain as the main market driver this year. New styrene monomer and caprolactam plants will form the bulk of the new demand, estimated to increase by up to 1 million mt in China in 2018. However, Asia remains long on benzene and therefore sellers will continue to seek out arbitrage opportunities to the US Gulf Coast.


Now, we mentioned new capacities of styrene monomer coming up in China. Ahead of this, Chinese styrene producers have set in motion an anti-dumping investigation against styrene imported from South Korea, Taiwan and the US. The market is still grappling with the possible implications of the potential anti-dumping duty, expected to be announced in February.


We take a look at these and other factors moving the Asian aromatics market this year in our 2018 outlook report for Asian petrochemicals. This report may be downloaded for free on Platts.com.


Until next time on the snapshot – we’ll be keeping an eye on the markets.