"Israel Petrochemicals Report Q3 2015" Published

From: Fast Market Research, Inc.
Published: Wed May 27 2015

While the petrochemicals sector performed slightly better in 2014 than estimated in the previous quarter, rubber, plastics and chemicals output saw plenty of downside in the final months of the year and going into 2015. However, stronger domestic economic performance coupled with low feedstock costs should support output growth over the short-term, according to BMI's latest Israel Petrochemicals Report.

In 2014, Israeli rubber and plastic production grew just 0.8% year-on-year (y-o-y) while petroleum and chemical products output declined 1.1% over the period. With the economy due to post solid growth over the next two years and industry likely to see above-trend growth, prospects look good for the industry. Much will depend on the price of naphtha with Israeli production managing to hold up margins in spite of sluggish domestic sales.

Full Report Details at
- http://www.fastmr.com/prod/1001100_israel_petrochemicals_report.aspx?afid=301

Controversy over pollution from Israel Chemicals Ltd's (ICL) facilities in Haifa threatened to shutter production in April with the city's mayor withdrawing its business licences and blockading its petrochemicals plants. However, a court order against led to the lifting of the ban. BMI does not envisage any further complications in production over the coming months.

Key BMI Forecasts

* Israeli petrochemicals competitiveness will continue to be determined by naphtha and the risks are to the upside in the country's relatively small, naphtha-fed petrochemicals industry, this will be crucial to ongoing profitability.
* Israel's petrochemicals capacities are likely to remain unchanged over the next five years with 450,000 tonnes per annum (tpa) ethylene, 345,000tpa propylene, 125,000tpa benzene, 230,000tpa xylenes, 165,000tpa polyethylene (PE), 450,000tpa polypropylene (PP), 160,000tpa polyvinyl chloride (PVC) and 60,000tpa of methanol.
* In BMI's MEA Petrochemicals Risk/Reward Index (RRIs) matrix, Israel remains in sixth place and its score stays at 56.3 points this quarter, following a fall in the previous quarter...

The Israel Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.

BMI's Israel Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Israeli petrochemicals industry.

Key Benefits

* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Israeli petrochemicals market.

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