経済｜エチレン生産増加も稼働率最低 / Economy | Increase in Ethylene Production, but Lowest Operating Rate

Summary

In April 2023, ethylene production reached 283,500 tons, marking a 3.6% increase compared to the previous month, as reported by the Petrochemical Industry Association.

However, the operating rate has fallen to a record low, reportedly due to a shortage of naphtha. This situation could potentially lead to price increases for related products. As calls for strengthening domestic production and diversifying supply sources grow, attention is focused on future response measures.

Dialogue

This dialogue is fictional and based on the article.

Chako: Hey Log, did you see the news that ethylene production has increased? But they say the operating rates are at an all-time low!
Log: Yeah, that’s right. Even though production is up, the low operating rates seem to be due to a shortage of naphtha. If the supply remains unstable, prices for related products might go up too.
Chako: Really? So, how do we solve this?
Navi: Strengthening domestic production and diversifying supply sources are considered important measures.
Log: For sure, we also need to promote international cooperation. We should keep an eye on how things develop from here.

Admin’s Note

The recent increase in ethylene production may seem like good news at first glance, but the fact that the operating rate is at a record low is serious. With the shortage of naphtha affecting production and concerns about rising prices for related products, it’s crucial to figure out how to respond. As discussed in the conversation between Chaco and Log, there is a pressing need to strengthen domestic production and diversify supply sources. A collective effort across the industry is necessary in the current situation. I look forward to seeing how things develop from here.