Ethylene Prices In Asia Pacific Or To Increase Downstream

Japanese imports of petrochemical products in China earthquake will have a greater impact,CAS 603-33-8, the Asia Pacific region and will further lead to rising prices of ethylene downstream products, and effects may continue at least 2 to 3 months, but have little effect on exports . March 18, China Petroleum and Chemical Industry Association, deputy director of the Ministry of Information and Market Zhu Fang told reporters.

Zhu Fang talking about, according to the current understanding of the situation analysis, two major earthquakes in Japan can not be ignored: First, oil demand in Japan, a corresponding reduction in the supply of petrochemical products, to reduce the contribution of the Asia-Pacific region; Second, China needs high-end , high value-added petrochemical products and from China to Japan’s high dependence on a reduced supply of bulk raw materials, thus triggering further increases in the Asia-Pacific petrochemical product prices.

Import and export of petroleum and chemical industry from the situation, Japan is China’s third largest trading partner of Japan in recent years China has maintained a large trade deficit, this pattern continues today. 2010 China import and export of petrochemical products to Japan totaled 35.62 billion U.S. dollars, of which imports from Japan amounted to 26.08 billion U.S. dollars,fine chemicals exporter, came in third; China’s exports to 9.54 billion U.S. dollars in Japan, came in second place. China is not only on the production of ethylene glycol from Japan, PTA (purified terephthalic acid), polyethylene, polypropylene and other bulk imports of many products, and engineering plastics, high-end products such as modified resin also a lot of imports , while exports to Japan mainly concentrated in a few primary chemical products.

Zhu Fang pointed out that Japan earthquake affecting the world petrochemical market trend factors, is a very recent period. Learned from the latest case, the current area of petrochemical facilities in Japan quake largely intact, but affected by the nuclear accident, the power supply is not stable. Taking into account after the earthquake produced the first Japanese companies to restore power to protect the stability of supply, secondly on the plant, and equipment re-evaluation, so at least 2 to 3 months, the petrochemical market will be some uncertainty in the supply and demand.

It is understood that the transport of petrochemical products have special requirements,Triphenyl Bismuth, earthquake and tsunami on the Japanese port facilities will also have an impact, so the import and export of petrochemical products are subject to certain constraints. Source: