Insight
The global ethylene cost curve in a $100/bbl world
Report summary
The recent rise in the oil price could lead to significant repercussions in the global petrochemicals industry. Brent crude oil has breached and is currently flirting with $100/bbl. Wood Mackenzie’s base-case global ethylene outlook over the coming industry cycle to 2025, includes a period of below mid-cycle utilisation rates. This view is built around a large and sustained build of capacity, particularly in Asia Pacific, relative to underlying global demand growth levels. This report discusses: the overall shape of the cost curve in a $100/bbl oil pricing environment; the key factors driving the four quartiles of the global ethylene cost curve; overall regional winners and losers in terms of competitive positioning.
Table of contents
- Introduction
- Global ethylene cost curves
- Our take
- Final thoughts
Tables and charts
This report includes 1 images and tables including:
- 2022 global ethylene cost curve at $100/bbl oil case
What's included
This report contains:
Other reports you may be interested in
Insight
Global oil cost curves and pre-FID breakevens H2 2023
Key Middle Eastern OPEC countries dominate low-cost supply both now and in the future
$6,000
Insight
Cost of expanding the rare earths supply chain
Cost of expanding the rare earths supply chain
$1,050
Insight
Metal prices and recessions
History suggests that although the falls in metal prices this year have been significant, the potential for further falls remains.
$1,050