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  1. Polymer Prices

    ... prices during 2021 sent jet fuel prices up as well. The rising global oil and gas prices in 2021 were also among the causes for the increase in prices of polymer products; the key feedstock for polymers is LPG produced from associated petroleum gas and naphtha, so when prices rose, polymer prices inevitably followed suit. Another important factor was that 2021 was also the year that, despite new waves of the virus, the global economy recovered from the COVID-19 crisis. Having dropped sharply ...

  2. CIS Petrochemicals

    ... consumption of motor fuels has now plateaued and will be on the decline in the near future. This is coupled with wide-reaching restrictions on emissions coming into force around the world. To maintain demand, petrochemical plants will need to boost their naphtha yields from 12% to 19%. Yet, due to a simultaneous decrease in demand for fuel, the volumes of naphtha available will also fall. Consumption-wise, the new normal will force corporations to refocus on the production of biofuels, invest in new greenfield ...

  3. SIBUR analytics

    ... PE and PP: new capacity additions In Q4 2020, spot prices for PE in the core regions of Asia, North America, and Europe increased, which was also reflected in an increase in spreads from 12% to 22% (the difference in price quotations between PE and naphtha, its main raw material, in Asia and Europe, and between PE and ethane in the USA) and, as a result, production margins. The production issues that played out after Hurricane Laura in Q3 2020 caused the rise in prices in the USA. New capacity additions ...

  4. A rally on the polymer market

    ... OPEC+ deal in March). However by the third and fourth quarters of 2020, the demand for polymer products had started to pick up, including for engineering plastics, and processors’ operating rates began to grow. At the same time, prices for LPG and naphtha, essential materials used in the production of polymers, increased. In particular, in the European Union, the cost of liquefied petroleum gas (C3, C4) increased by an average of 92% from the second quarter of 2019, and the price of naphtha tripled....

  5. Petrochemical companies during the lockdown

    ... essential services. This led to a sharp decrease in population mobility sending shock waves through the tourism and transport industries. With people staying home throughout the world, demand for motor fuel plunged causing a drastic fall in the price of naphtha, the main motor fuel ingredient. In March, petrol producers curtailed their purchases of naphtha, with petrol prices hitting all-time lows. Due to COVID-19 restrictions, most passenger flights around the world have been grounded. ...

  6. Thorny petrochemicals

    ... Stavrolen in February 2014 cut the polymer supply to the domestic market by 0.3 mt (ca. 6–7% of the total consumption), which had to be urgently replaced with imports. Russian petrochemical feedstock consumption consists mostly of straight-run petrol (naphtha) and LPG, with a much smaller share of natural gas liquids (NGL) and ethane. Naphtha comes primarily from refineries that can fully meet the needs of large-scale steam crackers. For that reason, naphtha-based petrochemical facilities are often ...