Insight
2019 European olefins outlook in a global context
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The European ethylene industry has had a phenomenal run in recent years. Since 2014, nameplate operating rates of regional steam crackers has been increasing. Strong asset run rates have gone hand-in-hand with robust profitability for ethylene producers. Wood Mackenzie Chemicals currently assesses that the European ethylene industry has reached top of cycle conditions in 2017/2018. Following a period of propylene production decline in Europe, driven mainly by steam cracker feedstock lightening, the industry finds itself in an evolving supply gap situation. Propylene pricing has strengthened relative to ethylene in 2018. PDH investments in Europe are several years away and the region must find alternative ways to balance the market in 2019. This insight highlights our latest thoughts of what can be expected for 2019 in the European ethylene and propylene markets.
Table of contents
- Ethylene
- Propylene
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Brexit: Implications for downstream oil markets
We consider the consequences of Brexit on European refiners and oil product markets over the next two years.
$900
Insight
Global oil demand: 5 risks in 2019
Global demand is expected to rise by 1.1 million b/d in 2019, reaching 100 million b/d. What are the major risks watch for this year?
$1,350
Insight
Global jet fuel demand recovery: Turbulence ahead
Jet fuel recovery lags other transportation fuels amid consumer concerns about the pandemic, travel restrictions, and industry woes.
$1,350
