Petrochemicals markets are changing. Rapidly, the focus of the petrochemicals industry is also now steadily shifting towards the Asia Pacific and the Middle East.

The Middle East will double its ethylene production capacity by the next five years. Two-thirds of that new capacity will come online between 2009 and 2011 alone. In Asia, China’s drive for self-sufficiency in petrochemical production has meant ethylene capacity expansions are underway at breakneck speed, boosting China’s ethylene output by 5 million tons in the next two years alone.

The emergence of this new capacity will influence petrochemicals markets dynamics, and will have profound implications for demand, supply and pricing of petrochemical feedstocks in coming years.

ESAI’s Global Petrochemicals Analysis provides a six-month outlook on the Middle Eastern and Asia-Pacific petrochemicals markets, with particular focus for naphtha, liquefied petroleum gas (LPG) and gasoil markets. This monthly analysis also examines market dynamics and data for key light olefins (ethylene, propylene and butadiene) and their derivatives in Asia, and provides a six month petrochemical margin forecast, based on ESAI’s indicative assessment of steam cracker profitability.

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