January 16th news: Recently, BASF's ethylene complex at its Zhanjiang integrated site in South China was successfully commissioned as scheduled. This is the world's first ethylene complex with its main compressors (electric drive) 100% powered by renewable energy. Chempricehub analysis of ethylene, long-short score: -1. The commissioning of BASF's Zhanjiang ethylene complex increases market supply, potentially leading to a decline in spot ethylene prices. Combined with recent contract data for ethylene futures, the release of new capacity may exert downward pressure on futures prices. The rating is moderately bearish, as the facility, while innovative as the world's first renewable energy-driven project, directly increases supply. Against a backdrop of no significant demand growth, this could easily trigger price downside risks.