China Ethylene Industry Report, 2007-2008

Publication Date	September 2007
Publisher	Research in China
Product Type	Report
Pages	112
ISBN Number	not applicable
Product Code	RIC00307

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Summary

With the fast progression of China's economy in recent years, there is an increasing demand for ethylene and downstream products. China ethylene industry is in the period of golden development for the moment. China's output of ethylene increases rapidly in recent years, and the production capacity was near to 10 million tons in 2006, and the output rose to 9.41 million tons (ranking the 2nd worldwide).

In 2006, Shanghai, Jiangsu, Beijing, Shangdong, Jilin and Guangdong were the regions with the largest output of ethylene. The output in Shanghai, Jiangsu and Beijing arrived at 1.9382 million tons, 1.4017 million tons and 0.9908 million tons respectively, ranking the top three. The outputs took a respective share of 22.11%, 15.99% and 11.30%.

Seen from the changes in the production capacity, the added output was mainly brought by the fact that new projects had been put into production. Under the drive of 0.7-million-ton Ethylene Rehabilitation and Expansion Project of Jilin Petrochemical Complex, ethylene output in Jilin increased by 47.03%. Besides, as CSPC Nanhai project was put into production, ethylene output in Guangdong rose by 27.79%. Ethylene output of Jiangsu province grew 25.48% with the Yangtsi-BASF-project put into operation.

Judging from the newly built or modified ethylene projects at home, there will be a declining growth for China's output of ethylene in the next two years. Only 600 thousand tons or so will be released in 2007; and the output will stand at 2.85 million tons in 2008.

In the past fifteen years, ethylene equivalent consumption kept an annual growth of 16.1%, while annual growth of GPD was 9.3% in the same period. The coefficient of elasticity was 1.7. With continuous growth of national economy, urbanization and the progression of heavy industry in China, the demand of domestic market for ethylene and derivatives keeps growing. Ethylene equivalent demand in China will be up to 20.1 million tons, 21.88 million tons, 23.85 million tons, 26 million tons and 28.34 million tons respectively in 2006-2010.

Content

1 Appraisal on Features of Environments for Ethylene Industry in 2007
- 1.1 Overall Development of Ethylene Industry
  - 1.1.1 Overview of Ethylene Industry
  - 1.1.2 Development of China Ethylene Industry in 2006
- 1.2 Changes in Macro-economic Environments and the Influences
  - 1.2.1 Analysis on the Cycle of China's Economy
  - 1.2.2 Changes in Macro-economy and the Influences
  - 1.2.3 Affects of Economic Development on Ethylene Industry
- 1.3 Changes in policies towards Ethylene Industry and The Affects
  - 1.3.1 Changes in Macro-economic Policies and the Affects
  - 1.3.2 Ethylene Industry Policies and the Affects
2 Demand & Supply in the Industry in 2007
- 2.1 Demand of China Ethylene Industry
  - 2.1.1 Demand in Ethylene Downstream
  - 2.1.2 Demand Volume and Growth Rate
  - 2.1.3 Demand Structure of China Ethylene Industry in 2006
  - 2.1.4 Forecast of the Demand in 2007-2010
- 2.2 Supply of China Ethylene Industry in 2007
  - 2.2.1 Demand Volume and Growth Rate
  - 2.2.2 Changes in Production Capacity of China Ethylene Industry in 2006
  - 2.2.3 Changes in Supply Structure and Features of Supply in 2006
  - 2.2.4 Forecast of the Supply in 2007-2010
- 2.3 Analysis and Forecast of Demand & Supply Balance in 2007
3 Competition, Investments and Economic Benefits in Ethylene Industry in 2007
- 3.1 Competition Patterns of Ethylene Enterprises
  - 3.1.1 Competition Patterns
  - 3.1.2 Concentration Ratio of China Ethylene Industry in 2006
- 3.2 Int'l Competitiveness of China Ethylene Industry
- 3.3 Investment and Financing Channels of China Ethylene Industry
  - 3.3.1 Capital Source of Ethylene Industry
  - 3.3.2 Ownership Structure of Ethylene Industry
  - 3.3.3 Entry of Foreign Capital into Ethylene Industry
- 3.4 Economic Benefits of Ethylene Industry
  - 3.4.1 Factors Affecting Economic Benefits of Ethylene Industry
  - 3.4.2 Analysis of Operating Benefits of Ethylene Industry
  - 3.4.3 Forecast for Economic Benefits of the Industry in 2007
4 Ethylene Related Industries
- 4.1 Ethylene Industry Chain
  - 4.1.1 Upstream Industries
  - 4.1.2 Midstream Industries
  - 4.1.3 Downstream Industries
  - 4.1.4 Substitution Industries
- 4.2 Upper-stream Raw Materials of Ethylene
  - 4.2.1 Changes in Petroleum Price and Factors
  - 4.2.2 Development Trend of Ethylene Fragmentation Raw Materials
- 4.3 Key Ethylene Downstream Products in 2006
  - 4.3.1 Development Status of Poly (ethylene)
  - 4.3.2 Development Status of PVC Industry
  - 4.3.3 Development Status of Glycol Industry
5 Ethylene Industry in China by Region in 2006
- 5.1 Beijing
  - 5.1.1 Development of Petroleum Chemical Industry
  - 5.1.2 Development of Ethylene Industry
- 5.2 Shanghai
  - 5.2.1 Development of Petroleum Chemical Industry
  - 5.2.2 Development of Ethylene Industry
- 5.3 Jiangsu
  - 5.3.1 Development of Petroleum Chemical Industry
  - 5.3.2 Development of Ethylene Industry
- 5.4 Guangdong
  - 5.4.1 Development of Petroleum Chemical Industry
  - 5.4.2 Development of Ethylene Industry
- 5.5 Shandong
  - 5.5.1 Development of Petroleum Chemical Industry
  - 5.5.2 Development of Ethylene Industry
6 Analysis of Ethylene Enterprises
- 6.1 Production Status of Ethylene Enterprises in 2006
- 6.2 Performance of Ethylene Enterprises
  - 6.2.1 Profitability
  - 6.2.2 Operating Capacity
  - 6.2.3 Debt-paying Ability
  - 6.2.4 Development Ability
- 6.3 Operation of Key Enterprises
  - 6.3.1 Shanghai Secco Petrochemical Co., Ltd
  - 6.3.2 SINOPEC Shanghai Petrochemical Co., Ltd
  - 6.3.3 QiLu Petrochemical Co., Ltd
  - 6.3.4 Yanshan Petrochemical Co., Ltd
7 Risks in the Industry in 2007
- 7.1 Analysis of Economic Environment Risks
  - 7.1.1 Relativity of Macro-economy and Ethylene
  - 7.1.2 Appraisal on Risks from Fluctuations in Coefficient of Elasticity
  - 7.1.3 Analysis and Forecast of Macro-economy
  - 7.1.4 Political Risks
- 7.2 Internal Risks
  - 7.2.1 Risks from Operation of the Industry
  - 7.2.2 Risks from Demand & Supply Imbalance
  - 7.2.3 Risks from Industry Layout
  - 7.2.4 Risks from Raw Materials
  - 7.2.5 Risks from the Lack of Core Technologies