According to reports, Hassan Ahmed, an analyst at the consulting firm Alembic Global Advisors, said that the political crisis in the Middle East and its impact on oil prices will benefit US petrochemical producers. From the perspective of naphtha prices in Europe and Asia, Brent crude oil The benchmark price keeps rising, while the U.S. natural gas price has fallen, so American petrochemical companies have even more cost advantages. US petrochemical producers are benefiting from the low price of raw natural gas.
US petrochemical producers mainly use ethane extracted from natural gas as a cracking raw material, while ethylene and Asian ethylene cracking use naphtha as a raw material. Hassan Ahmed predicts that the global petrochemical cycle profit peak will be reached in 2013-2014, and that the US petrochemical industry will be the main beneficiary. The agency believes that after the end of 2011, the supply of natural gas in the Middle East will gradually decrease, and there may be a vacuum in the increase of ethylene production capacity. Now, the social turmoil in the Middle East will only result in an increase in the supply of natural gas and the negative effects of raw material availability. Hassan Ahmed predicts that based on this global ethylene capacity utilization rate will increase from 86% in 2010 to 92% in 2014.
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