China Petroleum News reported China National Petroleum Corp.’s year-to-date through Q3 ethylene output rose 26.4% YoY to a record high, with total ethylene capacity now above 12.0 mln tpa; six producers exceed 1.0 mln tpa, boosting scale advantages. With prolonged Strait of Hormuz transit disruptions and tight Asian naphtha supply, the output gain is cited as key to stabilizing domestic chemical-market supply and securing industrial-chain supply. Longzhong data showed Northeast Asia ethylene spo

China Petroleum News reported China National Petroleum Corp.’s year-to-date through Q3 ethylene output rose 26.4% YoY to a record high, with total ethylene capacity now above 12.0 mln tpa; six producers exceed 1.0 mln tpa, boosting scale advantages. With prolonged Strait of Hormuz transit disruptions and tight Asian naphtha supply, the output gain is cited as key to stabilizing domestic chemical-market supply and securing industrial-chain supply. Longzhong data showed Northeast Asia ethylene spot at $1,190/t on Oct. 23, versus $695/t pre-conflict, a premium of more than 70%.