ICIS：2024年全球聚烯烃市场展望报告：共塑未来（美国、亚洲、欧洲）（英文版）（61页）.pdf

1、Global MarketOutlookPolyolefinsAmericas|Asia|EuropeShaping tomorrow togetherUS PolypropyleneLatin America PolypropyleneUS PolyethyleneLatin America PolyethyleneUS PETLatin America PETAmericasAsia PolypropyleneChina PolypropyleneAsia PolyethyleneChina PolyethyleneAsia PETAsiaEurope Polypropylene&Poly

2、ethyleneMiddle East Polypropylene&PolyethyleneAfrica Polypropylene&PolyethyleneEurope PETMiddle East PETEurope2024 Global Market Outlook-PolyolefinsTable of contentsUS polypropylene(PP)margins are likely to face pressure in 2024 as a global oversupply in the PP industry is likely to keep pricing and

3、 margins depressed globally.According to the ICIS Supply and Demand Database,global PP capacity has increased by 26.1%over the past five years while PP demand rose by 15.2%over the same time period,resulting in a significant supply overhang.Over the same five year period,North American PP capacity r

4、ose by 18.5%while consumption increased by 7.1%.Per the ICIS Supply and Demand Database,North America transitioned from being a net importing region to a net exporting region as of 2023,with the regions net export position expected to grow in future years.The US is set to add further capacity in 202

5、4,with Formosa on track to start up a new 250,000 tonnes/year PP line during the first half of the year.US PP margins to face pressure amid global oversupply2024 Global Market Outlook-Polyolefins-US PolypropleneBack to contents pageBack to contents pageAuthor:Zachary Moore,Senior EditorAuthor:Zachar

6、y Moore,Senior EditorGlobal PP capacity has increased by 26.1%over the past five years while PP demand rose by 15.2%Operating rates likely to remain limitedAverage industry operating rates in North Americas PP market have averaged 75%through the first 11 months of 2023,according to data from the Ame