Ethylene plant operating rate is an important indicator to measure the petrochemical industry boom. Under normal circumstances, the increase in the operating rate of ethylene plants will be accompanied by an increase in the profitability of the petrochemical industry and a rebound in the degree of prosperity.
As the production capacity of new petrochemical devices in the Middle East will be small in the next few years, and the investment of petrochemical companies will not increase significantly, the compound annual growth rate of global ethylene production capacity is expected to be 2.3% in the next few years.
With the continued strong demand for petrochemical products in countries such as China and India, the compound annual growth rate of ethylene demand in the next few years is expected to reach 5.6%.
The spread of petrochemical products rose quarter by quarter. In the first quarter of this year, the spread of major petrochemical products increased by nearly 30%.
The global petrochemical industry is entering a super cycle. With demand growing faster than supply growth, the global ethylene plant operating rate will increase year by year from the current 86% to 92% in 2014.
It is expected that the prosperity of China's petrochemical industry will also show upward momentum in the coming years. In the coming years, the compound growth rate of ethylene demand in China is expected to be 6.57% higher than the compound growth rate of ethylene supply of 3.86%, which will promote the increase in the operating rate of ethylene plants and the recovery of the petrochemical industry.

Grinding Agitator Machine

Grinding Agitator Machine,Grinding Mixer,Small Grinder Mixe,Grinder Mixer Machine

wuxi top mixer equipment co.,ltd , https://www.wxtpmixer.com