1、Global MarketOutlookOlefinsAmerica|Asia|EuropeShaping tomorrow togetherUS EthyleneUS PropyleneUS ButadieneAmericaAsia EthyleneAsia PropyleneChina PropyleneAsia ButadieneChina ButadieneAsiaEurope Ethylene&PropyleneEurope ButadieneEurope2024 Global Market Outlook-Olefins Table of contentsBack to conte
2、nts pageBack to contents pageThe US ethylene market is expected to remain long throughout the first half of 2024,facing headwinds from weak demand,ample supply and a sluggish economy.While unit maintenance will tighten supply some,significant improvement in supply/demand is not anticipated until at
3、least the second half of next year.Current operating rates are in the high 70%range.Several crackers have recently restarted from planned and unplanned outages which will add length to supply in the short term.Ethylene spot prices are feeling the weight of that extra supply and have been under downw
4、ard pressure since late November.US ethylene market to navigate challenging start to new year2024 Global Market Outlook-Olefins-US EthyleneAuthor:John Donnelly,Senior EditorAuthor:John Donnelly,Senior EditorCurrent operating rates are in the high 70%range.Back to contents pageBack to contents pageMa
5、rket hopes for the new year are pinned on US economic improvement and a recovery in China to stimulate momentum worldwide.Recent company earnings calls highlighted pockets of resilience in the petrochemical industry amid tough macroeconomic conditions.But US economic recovery forecasts have been pus
6、hed out to the second half of next year at the earliest on persistent weakness in durables,housing and construction.A soft landing is in store for the US economy,according to ICIS analysts,with conditions bottoming out in Q1 and only slightly improving in Q2.ICIS economists forecast zero economic gr
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