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U.S. ethane prices hit the peak in nearly four years--Dongguan high-quality acrylic lens manufacturer

by:Eugenia     2022-01-01
This October, when the international market’s concern about rising crude oil prices reached one high point after another, the U.S. ethane price also hit a four-year high. The demand for ethane seems to have finally caught up because of shale. The continuous supply of ethane brought about by the gas revolution.    As the most produced polymer, polyethylene plastic is one of the final products produced by ethane processing. After the ethane is cracked and converted into ethylene, after further processing, the original colorless and odorless gas will be 'transformed' into PE pellets and other products required by various plastic products factories. These plastic pellets and other products are polymerized during production. Different methods and environments will have different properties, and this determines their different uses. Some can be used as packaging for all kinds of food, and some can be used as containers such as water cups and bottles. Although they are all called polyethylene plastics, they are different because of their different uses. For the performance purposes, PE can be produced into thousands of products. Perhaps many people did not expect that the raw materials of many plastic products used in their lives are just an invisible gas. People who have a certain understanding of the history of the plastics industry may know that the 1960s was the golden age of the U.S. plastics industry. Now, thanks to the shale gas revolution, the U.S. seems to have a good foundation to climb the top of the plastics industry again. In recent years, the production of ethane in the United States has basically shown an upward trend year by year. In the past 10 years, the production of ethane in the United States has doubled, and the production of light shale oil has also helped its ethane supply. Increase. Since shale light crude oil contains relatively high concentrations of ethane and other condensate, it can be used only by simple separation. The low-cost raw materials produced by the shale gas revolution have promoted the market’s impulse to invest in petrochemicals, and cheap energy supplies have also reduced the processing costs of petrochemical plants. Since 2010, the United States has announced more than 300 projects and more than 2000 With a project investment of 100 million U.S. dollars, although the U.S.'s annual ethane export volume is increasing, as its domestic new project equipment is put into production, the demand for ethane has also increased, and this has also become the above-mentioned ethane price increase. s reason.    Although the domestic demand for ethane in the United States has been increasing in recent years, exports are still an indispensable part, and the target of exports is precisely the rapid development of the Chinese market where there is still a gap in demand.   In 2017, the domestic ethylene supply was about 20.37 million tons, an increase of 4.8% year-on-year; the equivalent consumption of ethylene was about 39 million tons, with a gap of 20 million tons. In domestic ethylene consumption, the three varieties of PE, LLDPE, HDPE, and LDPE, account for the top three in total consumption, accounting for 27%, 26%, and 11% respectively. Since there is still huge room for domestic demand for ethylene in the future, and at the same time, using ethane as a raw material has the advantages of lower cost and more environmental protection compared with other synthesis methods. Therefore, domestic companies naturally choose to import ethane from the United States, such as In November last year, Nanshan Group and American Ethane Corporation (AEC) signed a 20-year long-term large-scale ethane import cooperation agreement. Although there will be more and more cases of Sino-US cooperation on ethane projects in the future, this may also become a restraining factor for the domestic plastics industry. In addition to the recent Sino-US trade frictions, although ethane has not become one of the list of tax increases. Personnel, but also need to be alert to the serious consequences of the possibility of spreading.    The shale revolution in the United States has always attracted the attention of many people. Some people regard it as a broad prospect, while others regard it as just a 'flicker.' Compared with the miraculous growth of crude oil production, the market has obviously not paid enough attention to the growth of oil and gas condensate in the United States. While making progress, we must not forget that the plastics industry at this stage can be compared with the pioneers of the shale revolution. The United States keeps pace? Dongguan high-quality acrylic lens manufacturer
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