Chemical Feedstock and Raw materials

Chemical Feedstock and Raw materials

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页数:5页

时间:2019-07-18

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1、ChemicalFeedstock&RawMaterials:What'sNext?(aChemicalBuyer'sPerspective)RobertL.Culp,DirectorofStrategicSourcing,OMNOVASolutionsInc.,Fairlawn,OHIntroductionThispaperfocusesontheproductionofethyleneandhowitaffectsthesupplyandcostofkeyrawmaterialsusedtomak

2、eproductsforthePSAindustry.(TheactualpresentationatPCTC’sTECH33conferencewillincludearawmaterialcostforecast,aswellasasummaryofmacro-trendsimpactingthechemicalindustry.)Asachemicalbuyerforanorganizationthatproducessyntheticlatticesandpolymers,Ihavefound

3、thepastfewyearsverychallenging.Priortotheglobalrecession,wesawstrongglobalproductdemandcoupledwithhighcrudeoilpricesdrivingupthecostsofvirtuallyeverychemicaltounprecedentedlevels.Shortagesofcertainchemicalswerenotuncommon.Bythefirstquarterof2009,theglob

4、alrecessionbroughtchemicalsdowntopricelevelsthathadnotbeenseeninmanyyearsandsupplywasnotanissueasproductdemandhadfallendramatically.Inresponsetothedownturn,companiestookaggressiveactions.During2009,highcostcapacitywasidledandotherassetsreconfiguredtomat

5、chexistingcostanddemandparameters.Planstoinstallnewcapacitywerecancelledordelayed.Sincethefirsthalfoflastyear,thepricesformostchemicalshavebeenonasteadyclimbbackupthecostcurve.Asweenterthelastmonthofthefirstquarterof2010,wehaveshortagesofafewkeymonomers

6、,dependingonthesupplier,andmorepriceincreaseannouncementsinthefaceofmodestlyimprovedpolymerdemandandstrongcustomerpushbacktoanypriceincreases.Oneunderlyingexplanationfortheshort-termandlong-termtrendswhichweareexperiencinginthechemicalindustrycanbefound

7、bylookingatethyleneproductionoperatingratesandfeedstockselection.WhyEthyleneSo,whyissomuchofmyattentiondrawntotheproductionofethylene?Itisbecausethemajorityofthemonomersusedtoproduceourproductsaretieddirectlytoanolefinplantandtheselectionofthefeedslatei

8、ntothatsteamcracker.1SyntheticLatexFeedstockProductionFlowCatalyticBenzeneStyreneStyreneReformerPlantAromaticNaphthaStyreneMixedBTXButadieneAromaticExtractionLatticessToluene/XylenesParaffinicNaphthaEthyleneCrudeSteamCrudeButadie

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