|2019-12-23 来源： 中国石化新闻网|
中国石化新闻网讯 据ICIS网站12月19日巴塞罗那报道 由于美国产能扩张，全球聚乙烯（PE）市场在2019年已经处于供过于求的状态，2020年将面临更大的压力，因为更多的新产能将投入生产。
王磊 摘译自 ICIS
Global PE faces even more new capacity in 2020, oversupply, poor margins
Global polyethylene (PE) markets – already in oversupply during 2019 from US expansions – face further pressure in 2020 as even larger volumes of new capacity come onstream.
During 2019, a total of 6.9m tonnes/year of PE capacity were due to start up around the world, according to the ICIS Supply & Demand database.
In 2020, 8.3m tonnes/year are due onstream, led by 4.8m tonnes/year in China and 1.6m tonnes/year in the US.
US shale-based producers have been exporting increasing volumes from their new facilities during 2019.
With the key China market subject to tariffs of up to 30%, US companies have been seeking new markets or to increase share elsewhere in Asia, Africa and Europe.
As they have cut prices to achieve this, a price war has developed in some areas, with values falling to levels not seen since the aftermath of the 2008 financial crisis.
US ethane-based integrated PE producers enjoy some of the lowest feedstock costs in the world so have scope to cut prices further and still maintain profitability.