Insight
Navigating the next cycle of the petrochemical industry
Report summary
Across the wider petrochemical industry, Wood Mackenzie is forecasting a general cyclical downturn in capacity utilisation through the first half of the 2020s. This is primarily supply driven as the industry invests in new capacity additions, primarily in the construction or engineering phase, faster than the incremental growth in consumption. Through this same timeframe we expect that the prevailing crude oil price environment will increase. Oil prices set a baseline for the economics of these petrochemical industry products. By deploying Wood Mackenzie Chemicals suite of Asset Benchmarking Tools (ABTs), this insight will explore for ethylene, polyethylene, MEG, styrene, PX and PTA: In which year bottom-of-cycle operating rate conditions are expected to occur What the prevailing oil price environment will be through this period How the oil price and operating rate environment translate into global economics Strategies that companies could employ to navigate the coming cycle
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Energy & Commodities Summit 2020 : APAC Virtual Edition
What does the crisis of 2020 mean for the future of energy?
$1,050
Commodity Market Report
Global cathode and precursor short-term outlook February 2024
February 2024 updates for the cathode and precursor markets. Covers; prices, supply, demand, and recent news and events
$5,000
Commodity Market Report
Global copper short-term outlook February 2024
Short term price direction is reliant on market sentiment, driven by a combination of macroeconomic developments and supply disruptions
$5,000