Since the start of 2020, we have seen Brent crude oil futures fall from just under $70\/bbl to $23\/bbl. MEG values followed, plummeting from $608\/ton to $350\/ton cfr in early April. And although there has been a rebound, relatively low Brent crude prices of around $40\/bbl still prevail, along with very low MEG values in all the regions.<\/p>\n
Lower crude oil prices are generally welcomed by the chemical industry, as not only feedstock costs but usually also energy costs are reduced. However, particularly for MEG, non-petrochemical feedstocks have become more important in recent years. Coal-MEG, as well as bio-MEG has become the focus of much interest, with new capacity and production in the case of coal-to-MEG, and expectations and projects in the case of bio-MEG.<\/p>\n
Coal-MEG producers (with a relatively unchanged feedstock cost) are facing big losses forcing them to reduce operating rates and review their feasibility in the new crude oil and MEG scenario.
\nBio-MEG remains the highest cost and highest price option. Although the main driver for bio-MEG continues to be related to sustainability, the wider price gap relative to the fossil-based alternative forces clients to take stock of the value of its use.<\/p>\n
SUBSCRIPTION SERVICES<\/p>\n
CHEMICAL BUSINESS FOCUS
\nA MONTHLY ROUNDUP & ANALYSIS OF THE KEY FACTORS SHAPING WORLD CHEMICAL MARKETS
\nCompiled by a global team of dedicated consultants, Tecnon OrbiChem\u2019s famous \u2018newsletters\u2019 contain detailed and incisive analysis of key global petrochemical market sectors.<\/p>\n
ON-LINE DATABASES
\nCOMPREHENSIVE, ON-LINE DATA & STATISTICS. HISTORY, FORECASTS & ANALYSIS
\nConvenient to access and simple to use, Tecnon OrbiChem\u2019s on-line databases provide comprehensive capacity, supply\/demand and trade analysis of the world petrochemical industry, with forecasts to 2030.<\/p>\n
CHEM-NETFACTS
\nCHEMICAL MARKET INSIGHT AND FORESIGHT \u2013 ON A SINGLE PAGE
\nThe Chem-Netfacts service comprises a succinct summary of the past month\u2019s activity and an assessment of short term price trends in individual product markets. Commentary, analysis, prices and graphs \u2013 all on one page.<\/p>\n
CHEM-FORESIGHT
\nPRICE PROJECTIONS \u2013 SET IN CRUDE OIL PRICE SCENARIOS
\nChem-Foresight provides price forecasts for chemical products by quarter over the next 18 months, for the USA, Europe and Asia (usually East Asia). Forecasts are provided both as tables and graphics, for three crude oil scenarios, low, base case and high, with a short commentary on the supply-demand situation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Since the start of 2020, we have seen Brent crude oil futures fall from just under $70\/bbl to $23\/bbl. MEG values followed, plummeting from $608\/ton to $350\/ton cfr in early April. And although there has been a rebound, relatively low Brent crude prices of around $40\/bbl still prevail, along with very low MEG values in […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5935,13676,17171],"supplier":[16858],"class_list":["post-75879","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioplastic","tag-crudeoil","tag-meg","supplier-the-green-chemicals-blog"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/75879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=75879"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/75879\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=75879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=75879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=75879"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=75879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}