美国7月乙烯合约价格上涨 需求回升

据ICIS网站8月5日消息 由于裂解装置问题抑制了供应，需求继续复苏，受现货价格和现金成本上涨影响，美国7月大多数市场参与者的乙烯合同结算价上涨1.0美分/磅。

此次合约价格是继4月份达到谷底之后的第三次连续上调，当时油价暴跌，需求受到冠状病毒的打击。

7月合约价格从6月的24.5美分/磅（562美元/吨）升至25.5美分/磅。

乙烯合同价格创下自1月份以来的最高水平，当时结算价为25.75美分/磅。

因现金成本上升和需求复苏，现货平均价格上涨约2.5美分/磅。

前几个月乙烯在7月的交易价格为14.75-16.00美分/磅，高于6月份的11.75-13.50美分/磅。

由于美国的成本优势以及亚洲从冠状病毒需求冲击中复苏，对亚洲的健康套利使得出口成为美国乙烯需求前景中的亮点之一。ICIS供需数据显示，1月至5月美国乙烯出口同比增长35%。

乙烯最大的衍生物聚乙烯（PE）的需求在冠状病毒危机中出人意料地强劲增长，主要是因为聚乙烯在食品包装等非耐用消费品中的大量使用。

7月份影响供应的裂解问题包括巴斯夫道达尔在德克萨斯州阿瑟港的工厂、英力士位于德克萨斯州巧克力湾的工厂、美国福尔摩沙塑料公司在德克萨斯州康福特的工厂以及陶氏在德克萨斯州弗里波特的工厂等。

7月份，丙烯和苯的副产品合同上涨。丁二烯（BD）仍然疲软，但正在缓慢改善。

乙烯是一种重要的石化原料，用于制造聚乙烯、乙二醇（EG）和聚氯乙烯（PVC）等产品。

美国主要乙烯生产商包括雪佛龙菲利普斯化学公司、陶氏、埃克森美孚、英力士烯烃和聚合物公司、利安德巴塞尔和壳牌化学。

王磊 摘译自 ICIS

原文如下：

US July ethylene contracts settle up amid cracker issues, recovering demand

US July ethylene contracts for the majority of market participants settled at an increase of 1.0 cents/lb, on higher spot prices and cash costs, as cracker issues curbed supply, and demand continued to recover.

The settlement marks the third consecutive increase, following the trough reached in April, amid crashing oil prices and coronavirus-stricken demand.

The settlement puts July contracts at 25.5 cents/lb ($562/tonne), up from 24.5 cents/lb in June.

Ethylene contract prices are the highest they've been since January, when they settled at 25.75 cents/lb.

Average spot prices increased by about 2.5 cents/lb, amid higher cash costs and recovering demand.

Front-month ethylene traded in July at 14.75-16.00 cents/lb, up from 11.75-13.50 cents/lb in June.

Healthy arbitrage to Asia, driven by the cost advantage belonging to the US - as well as Asia's recovery from the coronavirus demand shock - has allowed exports to emerge as one of the bright spots in the US ethylene demand picture. US ethylene exports from January through May rose 35% from the same period in the prior year, according to ICIS Supply and Demand data.

Demand for ethylene's largest derivative, polyethylene (PE), proved surprisingly buoyant through the coronavirus crisis, largely driven by its heavy usage in consumer non-durable applications such as food packaging.

Cracker issues affecting supply during July included BASF Total's facility in Port Arthur, Texas, INEOS's facility in Chocolate Bayou, Texas, Formosa Plastics Corp USA's facility in Point Comfort, Texas, and Dow's facility in Freeport, Texas, among others.

July contracts for co-products propylene and benzene rose. Butadiene (BD) remains weak, but slowly is improving.

Ethylene is a key petrochemical feedstock, used to make PE, ethylene glycol (EG) and polyvinyl chloride (PVC), among other products.

Major US ethylene producers include Chevron Phillips Chemical, Dow, ExxonMobil, INEOS Olefins & Polymers, LyondellBasell and Shell Chemical.