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European ethylene: where are we in the cycle?
In 2017 we estimate that the Europe (EU15+Norway) regional steam crackers ran at a nameplate utilisation rate of 91%. If planned and unplanned outa...
European olefins: P/E ratio approaches 1, where does it go from here?
For the European region, the settlement of the July olefins monthly contract prices (MCP) were at a level such that propylene has essentially reach...
European olefins: Porto Marghera steam cracker closure and wider market impact
As highlighted by Wood Mackenzie on 15 March 2021, the future of the ethylene plant in Porto Marghera, Italy is under discussion, with a closure of...
European propylene: walking the tightrope of supply vs demand
Wood Mackenzie is forecasting a structural net loss of propylene capacity in Europe via the rationalisation of European steam crackers through the ...
European steam cracker feedstock transitions and impact on propylene supply
European feedstock transitions have been primarily driven by an attempt to increase ethylene cost competitiveness. Some specific cases for ethane h...
Five reasons why polyethylene markets are largely resilient in 2020
Coronavirus has hit the world economy. Wood Mackenzie expects global GDP growth in 2020 will contract by 5.4%, and this is already weighing on the ...
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