Tellimer

TH : Petrochemical - New projects starting up at the right time

We believe new ethylene capacity is well spread out during 1Q-3Q21F while strong ethylene derivative demand should continue to support ethylene price. Global ethylene capacity addition looks slim post 2022F on limited expansion by US producers and potential delay of some ASEAN projects. SCC and PTTGC, which have new capacity coming onstream in 2021F, should benefit from ethylene price strength in 2021F, in our view.


Most Viewed See latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers