The delay in the commencement of the hottest Asian

The delayed commencement of six ethylene plants in Asia has led to tight supply

the sharp rise in building materials such as steel has increased construction costs by more than 20%. The news of the delayed commencement of six ethylene plants in Iran, Chinese Mainland and Taiwan in Asia has spread. The annual capacity of these six ethylene plants reaches 6.3 million tons, and the delayed production will lead to tight supply of petrochemical products

due to the two to three times increase in the price of steel and the sharp rise in shipping costs, in addition to the construction industry's recent complaints, the investment plans of some manufacturing industries have also been hampered by the sharp rise in building materials and the shortage of steel. The construction industry said that due to the rise in steel prices, the rough estimate of construction costs has increased by more than 20%

the sharp rise in steel prices has not only led to the rise in construction costs, the shortage of building materials supply, and the need to hold cash to buy building materials, but also hindered the progress of some enterprises in the construction of factories. According to the information received by petrochemical traders, at least six ethylene production plants in Asia have been reported to have delayed the commencement of production. The price of Yunnan fell by 50 yuan/ton, including three in Iran, two in the mainland and one in Taiwan. Together with breaking the technological closure of foreign countries, the annual ethylene production capacity reached 6.3 million tons

Iran is an emerging petrochemical industrial country in Asia. In recent years, it has actively built ethylene plants. These investment plans are to promote the Iranian National Petrochemical Company (NPC), one of which is an ethylene plant with an annual capacity of 1.1 million tons. It was originally scheduled to be completed this year, but now it has been postponed to next year

there are two light oil cracking plants in the mainland that may not be completed as scheduled, which are located in Shanghai Secco and Huizhou, Guangdong, with annual ethylene production capacity of 900000 tons and 800000 tons respectively. In addition, the third light cracking plant of Formosa Petrochemical, with annual ethylene production capacity of 1.2 million tons, may also be slightly behind schedule. Wang yongzai, vice chairman of Formosa Plastics Group, once said that at present, the construction cost of investing in the light crack plant has increased significantly. If the profit of producing and selling petrochemical products is not very high when it is completed, it will affect the profit. At present, China National fiber is actively carrying out the project of building a new ethylene glycol (eg) plant with an annual capacity of 400000 tons. Wang Guixian, general manager of China National fiber, is also worried that the rising building materials will affect the progress of the plant, but will try to complete the plant construction project as scheduled

due to the backward progress of the ethylene plant construction project and the economic growth of the two emerging industrial countries in the Asian region, the mainland and India, the demand for petrochemicals has grown steadily. If the ethylene capacity expansion plan fails to keep up with the growth rate of demand, the petrochemicals whose quotation has risen sharply will be maintained in the high price area