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Monomer World - December 2011

VIEWS: 14 PAGES: 6

The global monomer industry around the world experienced mixed demand in December 2011. In most regions, ethylene supply demand scenario continued to improve on last month’s already positive figures. Propylene demand across the world continued to be sluggish as demand from end-use segments failed to pick up.

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									                                                    Monomer World - December 2011
       Reference Code: GDCH00030IA                                                                                                               Publication Date: January 2012


       1          Table of Contents
       1    Table of Contents.................................................................1
           1.1 List of Tables .................................................................1
           1.2 List of Figures ................................................................1
       2    Market Overview ..................................................................2
           2.1 Significant Developments ..............................................2
       3    Price Trends in Asia .............................................................2
           3.1 Asia, Propylene Prices ..................................................2
           3.2 Asia, Ethylene Prices ....................................................3
       4    Price Trends In North America .............................................3
           4.1 North America, Ethylene Prices.....................................3
           4.2 Propylene Plants Update...............................................4
           4.3 Ethylene Plants Update .................................................4
           4.4 Monomer Company Updates.........................................4
       5    Appendix ..............................................................................5
           5.1 Methodology ..................................................................5
           5.2 Contact Us.....................................................................6
           5.3 Disclaimer......................................................................6



       1.1        List of Tables
       Table 1:        Monomer Market, Asia, Propylene Prices ($/Metric
                       Ton), 2011 ................................................................3
       Table 2:        Monomer Market, Asia, Ethylene Prices ($/Metric
                       Ton), 2011 ................................................................3
       Table 3:        Monomer Market, North America, Ethylene Prices
                       ($/Metric Ton), 2011 .................................................4



       1.2        List of Figures
       Figure 1: Monomer Market, Asia, Propylene Prices ($/Metric
                 Ton), 2011 ................................................................2
       Figure 2: Monomer Market, Asia, Ethylene Prices ($/Metric
                 Ton), 2011 ................................................................3
       Figure 3: Monomer Market, North America, Ethylene Prices
                 ($/Metric Ton), 2011 .................................................3




                                                                                                                                                                GDCH00030IA / JAN 2012
                                                                                                                                                                                     Page 1
Monomer World - December 2011
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                                                                                gaining final approval from the National Development and
                                                                                Reform Commission.
       2       Market Overview
                                                                                2.1.2                Total to Acquire Remaining 35% Joint
       The global monomer industry around the world experienced                                      Venture Stake in Fina Antwerp Olefins Plant
       mixed demand in December 2011. In most regions, ethylene                                      from ExxonMobil Petroleum & Chemical
       supply demand scenario continued to improve on last month’s
       already positive figures. Propylene demand across the world              Total S.A., an integrated oil and gas company, through its
       continued to be sluggish as demand from end-use segments                 affilliate PetroFina SA, agreed to acquire a remaining 35% joint
       failed to pick up.                                                       venture stake in Fina Antwerp Olefins, a petrochemical plant,
                                                                                from ExxonMobil Petroleum & Chemical Bvba, a wholly owned
       In December 2011, Asian monomer markets continued to                     subsidiary of Exxon Mobil Corp.
       experience weak demand from downstream industries due to
       weakening external demand. Despite the low demand, ethylene              Fina Antwerp Olefins was set up in Antwerp in 1951 for the
       prices in the region increased, aided by limited supply. The             production of base chemicals products, including ethylene,
       limited supply in the market was attributed to lower operating           propylene and benzene. Following the completion of the
       rates by ethylene producers and the shutdown of naphtha                  acquisition, Total will own the entire stake in Fina Antwerp
       crackers in the region for maintenance. In contrast to the               Olefins. The transaction is subject to the approval of the
       strength seen in ethylene prices, the prices of propylene                European competition authorities.
       declined in the region as the supply continued to be in excess
                                                                                3                  Price Trends in Asia
       of the demand. Production cutbacks by producers failed to
       improve the propylene supply-demand scenario in the region.
                                                                                3.1                Asia, Propylene Prices
       Similar to the global trends, Europe’s monomer industry                  December’s propylene s
								
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