Increasing Ethane Demand May Raise Petrochemical Costs
The rising demand for ethane from the Chinese and Asian markets threatens to increase prices for American petrochemicals, especially ethylene and polyethylene, amid the continued rebound in demand for the industry's key raw material. This comes as China resumes acquiring record quantities of U.S. ethane, now relying on American ethane for 62% of its total shipments. Prices are expected to rise due to increased demand, shrinking inventories, and production disruptions caused by accidents and the shutdown of production units in Texas.
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