Price: $ 1295
The main concern for the US petrochemical industry is the extent to which the eurozone crisis continues to affect the country's economy. BMI believes US producers will be able to leverage their competitive advantages, both in terms of access to a growing manufacturing sector and their integration with low-cost ethane feedstock that is lacking in Europe. In H113, US ethylene results improved on those seen in H212 and maintained output above an average of over 24mn tonnes per annum (tpa). Capacity seen in Q213 was lower than that seen in Q113 due to a heavy turnaround schedule, which brought 8% of national capacity offline; however, producers were able to maintain overall supply, due largely by preparing for any anticipated shortfall during turnarounds. This also helped stabilise prices, as we ...
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