Bulletin:  139

Date: December, 2021

 

BALANCE 2021

 After the crisis caused by the Covid 19 pandemic in 2020, in 2021 there has been an important recovery of the economy, after the world population has begun to experience positive results from the massive vaccination campaign.

This recovery has been reflected in an increase in consumption, an increase in prices and consequently, a considerable increase in inflation in most Western countries.

In some cases, the increase in prices has become worrying, not only in the personal sphere but also in the industrial one, with excessive growth in energy costs and raw materials.

As we have said, raw materials for the manufacture of plastics have also been affected and the prices of some polymers have reached record prices.

It should also be noted, the supply problems of products from Southeast Asia in general and China in particular, the high costs of sea freight and the scarcity of availability of land transport, which have caused and are causing shortages and breakdown of chains productive.

 

BRENT

 The reference oil price in Europe in 2020 reached a minimum price of 15.98 USD a barrel and its average price in that year was 43.21 USD a barrel, far from the more than 100 USD in 2011. 2012, 2013 and 2014.

Recovery in 2021 has produced the following values:

 

Brent minimum                50.56 USD barrel

Brent maximum               86.70 USD barrel

Brent Ø                                70.95 USD barrel

The pressures on OPEC from the USA, UK, China, Japan and India, among others, have pushed away the forecasts that predicted a Brent near 100 USD in the short term.

 

PET. – The average price reached so far this year is the highest in the last 8 years.

The high costs of sea freight have not made the Asian offer attractive and the origin of PET from that area has been scarce compared to previous years.

The high energy costs, together with the scarce Asian supply and the increase in the price of PX and MEG, have been the precursors of the constant increase in the price of PET throughout the year.

 

Annual average price	2020	2021	Variation
Paraxylene	561 €/tm	788 €/tm	+ 40 %
Monoethylene glycol	555 €/tm	867 €/tm	+ 56 %
PET	750 €/tm	1,170 €/tm	+ 56 %

 

The following graph shows the certain correlation between the price of oil and the price of PET.

RGPD: Data Protection Information of MARSELLÀ GLOBAL S.L. (smarsella@marsellaglobal.com):

PURPOSE: To inform you of our products and services by electronic means. LEGITIMATION: Legitimate interest in keeping you informed as a client and / or user. ASSIGNMENTS: Not contemplated. CONSERVATION: During the contractual relationship and / or until you request us to leave the business and, during the periods required by law to meet any responsibilities after the relationship ends. RIGHTS: You can exercise your right of access, rectification, deletion, portability of your data and limitation or opposition in the email address of the person in charge. In case of divergences, you can file a claim with the Data Protection Agency (www.aepd.es).

 

 

Este boletín está elaborado en base a la información y experiencia de nuestro equipo comercial. Marsella Global, SL presta especial atención a su elaboración, sin embargo, no podemos garantizar la exactitud y utilidad del contenido publicado.

El destinatario acepta el contenido de este boletín en el bien entendido de que Marsella Global, SL   no se hace responsable de los daños causados por el uso de la información contenida en este documento.