Ethylene can be defined as a gaseous hydrocarbon with the formula H2C=CH2. It is found in plants when excessive concentrations of auxins are given to the plant tissue. It is practically not essential for regular development of the plant, however, has a significant impact on the growth of roots and shoots. It is found in all plant tissues – roots, leaves, stems, bulbs, seeds, fruits, tubers, etc. The production rate of ethylene may differ depending on the formation of the plant, as different tissues produce distinct amounts of ethylene.
South Korea, the Netherlands, Japan, the United States, and Singapore are some of the leading exporters of ethylene. On the other hand, China, Belgium, Indonesia, Germany, and Chinese Taipei are the top ethylene-importing countries.
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Key Details About the Ethylene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ethylene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The ethylene price trend, including India Ethylene price, USA Ethylene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Ethylene Price Trend:
Ethylene is primarily utilised in the agricultural sector owing to its varied number of physiological processes. It is applied as a regulator for the growth of plants. Aside from this, it has other utilisations like the production of plastic in numerous industrial areas. In addition, ethylene is employed to manufacture car glasses in the automobile sector owing to its durability. It is also used in metal cutting, high-velocity thermal spraying, and welding in the metal sector.
Moreover, ethylene is also utilised as a gas anesthetic for general surgery cases in the medical sector. Besides, ethylene is employed as a refrigerant in LNG liquefaction plants and in the extraction of rubber. It is also an important raw material for manufacturing polyethylene, polystyrene, and polyvinyl chloride (PVC).
- Saudi Basic Industries Corporation (SABIC)
- Dow Chemical Company
- LyondellBasell Industries Holdings B.V.
- INEOS Capital Limited
- Chevron Phillips Chemical Company LLC
News & Recent Development:
- April 27, 2023: The worldwide polyvinyl chloride, or PVC, witnessed a negative price adjustment in April 2023 based on several rollovers by market players. However, a few of the market players continued to hold on to their flat offers. Traders or retailers made an attempt to raise the prices as they were optimistic about the market’s solidity. However, this thrust did not prove fruitful, and the polyvinyl chloride prices declined in April. The price dip was due to various factors, including an absence of purchasing interest and a surplus of polyvinyl chloride supplies in the markets. According to the recent evaluation, the European polyvinyl chloride suppliers have been imposed to decrease their prices in mid-April due to slow-moving demand and rich supplies. Additionally, consumers continued to be reluctant to spend and pay more, and price increases affecting downstream sectors such as construction, automotive, and footwear reflected on the price rise efforts in the product.
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