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Asian crackers continue to reduce the use of LPG raw materials

 Last Update: 2021-08-06
 Source: Internet
 Author: User

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Recently, industry insiders said that due to the economic weakness in Northeast Asia and new production capacity, Asian cracking operators will reduce the use of liquefied petroleum gas (LPG) raw materials for the second consecutive month
.

The ethylene cracking plant, which can use both naphtha and liquefied gas, plans to use 315,000 tons of liquefied gas in August, a 14% decrease from the planned consumption of 367,000 tons in July

At present, the profit margin of ethylene in the region has been severely reduced, including the use of naphtha feedstock, and the profit margin of liquefied petroleum gas is even lower
.

However, the profit margins of ethylene and propylene derivatives are still positive

According to the IHS Markit Asia light olefin report, as of the week of July 1, the spot price of ethylene in Northeast Asia was US$930-950/ton
.

OPIS data shows that on July 1, the spot price of naphtha closed at $678 metric tons

April Tan, chief analyst at IHS Markit, said: “Compared with naphtha, the current price of liquefied petroleum gas continues to rise sharply
.

In the future, weaker olefin profit margins may limit the affordability of cracking raw materials.

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