Ethylene is the world's most produced organic chemical and a foundational petrochemical feedstock, primarily used to manufacture polyethylene, PVC, and ethylene oxide. Supply is highly concentrated among US shale-advantaged producers and Middle Eastern state enterprises, with the US becoming a dominant exporter following the shale gas revolution. Trade flows are constrained by complex cryogenic logistics infrastructure, making long-term supply agreements and dedicated terminal capacity critical for market access.
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