???? 據石化產品新聞2021年3月5日新加坡報道，隨著乙烯價格也飆升至兩年高點，緊張的乙烯供應和強勁的下游市場導致了亞洲的乙烯-石腦油價差達到兩年來高點。

????統計數據顯示，3月4日亞洲市場收盤時，CFR東北亞乙烯和CFR日本石腦油之間的價差為589美元/噸，在兩周內大幅上漲了113.89%，創下兩年來的新高。這個價差上次上漲是在2019年3月4日，為595.375美元/噸。

????市場消息人士稱，非一體化生產商的典型保本價差為350美元/噸，而一體化生產商的保本價差為250美元/噸。自2020年5月12日以來，乙烯-石腦油價差一直高于每噸250美元。

????亞洲乙烯價格目前受到本地和深海貨物供應緊張的支撐，韓國現貨乙烯出口受到復蘇的限制，其供應主要在國內消費。由于最近的冰凍天氣，美國乙烯產量下降也影響到了亞洲乙烯市場，美國對亞洲的長期供應短缺導致現貨市場的額外需求。

????由于供應短缺，3月4日東北亞乙烯CFR估價為1180美元/噸，為兩年高點。這個價格上一次上漲是在2019年2月27日，達到1190美元/噸。

????李峻 編譯自 石化產品新聞

????原文如下：

????Asia's ethylene-naphtha spread doubles in two weeks to reach two-year high

????Tight ethylene supply and strong downstream markets have driven the key ethylene-naphtha spread to a two-year high, as ethylene prices also surge to two-year highs.

????The spread between CFR Northeast Asia ethylene and CFR Japan naphtha physical was $589/mt at the March 4 Asian market close, up a sharp 113.89% in two weeks and a two-year high, data showed. The spread was last higher on March 4, 2019 at $595.375/mt, data showed.

????The typical breakeven spread for non-integrated producers is $350/mt and for integrated producers is $250/mt, market sources said. The ethylene-naphtha spread has been above the $250/mt mark since May 12, 2020, data showed.

????Asian ethylene prices are currently being supported by tight supply of both local and deepsea cargoes, with South Korea's spot exports limited due to turnarounds and its supplies being largely consumed domestically. The impact of US production lost due to recent freezing weather has also reached the Asian ethylene market, with the shortfall of US term supplies to Asia leading to extra demand in the spot market.

????With supply short, CFR Northeast Asia ethylene was assessed at $1,180/mt March 4, a two-year high, data showed. The price was last higher on Feb. 27, 2019, at $1,190/mt, data showed.