January 12th News
Recently, Wanhua Chemical announced that as of January 9th, the feedstock modification of the first-phase ethylene plant has been fully completed. The plant now produces ethylene through ethane cracking and has successfully yielded qualified products.
Chempricehub's Analysis on Ethylene:
Bull-Bear Score: -1
The increase in ethylene supply may lead to a decline in spot prices. The completion of Wanhua Chemical's plant modification, which enables efficient ethylene production via ethane cracking and has already produced qualified products, enhances production efficiency and expands market supply. This exerts bearish pressure on ethylene spot prices. Ethane cracking technology is typically cost-effective, further reinforcing expectations of oversupply and increasing the risk of price pressure in the short term.
Comments
0