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Italy Petrochemicals Report Q4 2015

Italy Petrochemicals Report Q4 2015

Italy's petrochemicals prices were pushed down in Q315 as a result of supply side trends - while feedstockcosts fell as a result of low oil prices, the market faced greater saturation as crackers in Italy and the rest ofEurope restarted. While the petrochemicals industry is set for growth in 2015 and 2016, assisted by lowercosts and increasing demand from the automotive sector, long-term structural problems persist andproducers will need to diversify and add value if the industry is to grow.

Versalis' 440,000tpa Brindisi cracker reopened in July following a turnaround, which pushed down pricesof olefins and as a result reduced prices throughout the product chain, particularly in the PVC segment. ByQ315, PVC prices were 10% down from the mid-2015 peak and are set to decline further in H215 until theyequalise with import prices. Of critical importance to PVC is the performance of the construction sector, itsmain market. The declines were less evident in the polypropylene (PP) segment, which benefitted from arecovery in some consumer goods production as well as the car industry.


BMI Industry View
SWOT
Political
Economic
Operational Risk
Industry Forecast
Table: Italy Petrochemical Sector Forecasts
Macroeconomic Forecast
Economic Analysis
Table: Economic Activity (Italy 2010-2019)
Industry Risk Reward Ratings
Europe Petrochemicals Risk/Reward Index
Russia and Ukraine Under Pressure
Table: European Petrochemicals Risk/Reward Index (scores out of 100)
Italy Petrochemicals Risk Reward Index
Market Overview
Table: Italy Petrochemical Sector - Cracker Capacity Data
Industry Trends And Developments
Refining
Company Profile
Versalis
Table: Versalis Financial Results
Eni
LyondellBasell
Table: LyondellBasell: Global Financial Results (USDmn)
Regional Overview
Energy Prices And Greek Crisis Will Determine Margins
Trouble In The East
Global Industry Overview
Could US Gas Run out?
Project Curtailments
Medium-term Outlook
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-Year Forecasts
Table: Energy Price Forecasts (Global 2013-2018)
Table: Energy Price Forecasts (Global 2019-2024)
Demographic Forecast
Table: Population Headline Indicators (Italy 1990-2025)
Table: Key Population Ratios (Italy 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Italy 1990-2025)
Table: Population By Age Group (Italy 1990-2025)
Table: Population By Age Group % (Italy 1990-2025)
Glossary
Table: Glossary Of Petrochemicals Terms
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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