According to China Petroleum News on October 27, CNPC's ethylene production increased by 26.4% year-on-year in the first three quarters of this year, reaching a record high. Up to now, CNPC's total ethylene production capacity has exceeded 12 million tons/year, and the annual ethylene production capacity of six companies has exceeded one million tons. The scale advantage continues to increase. Against the backdrop of long-term obstruction of passage through the Strait of Hormuz and tight supply of naphtha in Asia, this increase in production provides key support for stabilizing supply in the domestic chemical market and ensuring the safety of the industrial chain supply chain. According to monitoring data from Longzhong Information, the spot price of ethylene in Northeast Asia rose to 1,190 US dollars/ton on October 23, a premium of more than 70% over the pre-conflict level of 695 US dollars/ton.

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