Marba\u015f Menkul De\u011ferler\u2019in analizine g\u00f6re, 13 \u015eubat itibar\u0131yla ortalama etilen-nafta makas\u0131, ge\u00e7ti\u011fimiz haftaya g\u00f6re y\u00fczde 9,2 d\u00fc\u015f\u00fc\u015fle 187 dolar seviyesine geriledi. Bu d\u00fc\u015f\u00fc\u015f, sekt\u00f6rde maliyet ve fiyatlama dinamikleri a\u00e7\u0131s\u0131ndan bask\u0131 olu\u015fturuyor.<\/p>\n
Sekt\u00f6r \u00f6zelinde belirleyici geli\u015fmeler aras\u0131nda, sistemik arz \u00e7\u00f6k\u00fc\u015f\u00fc ve at\u0131l kapasite krizi \u00f6ne \u00e7\u0131k\u0131yor. Y\u00fcksek faiz oranlar\u0131, imalat sekt\u00f6r\u00fcndeki daralma ve ticaret politikalar\u0131ndaki belirsizlik, k\u00fcresel kimya piyasas\u0131n\u0131n d\u00f6rd\u00fcnc\u00fc y\u0131l\u0131n\u0131 kapsayan durgunlu\u011funu derinle\u015ftiriyor. Arz fazlas\u0131n\u0131n, k\u00fcresel etilen ve polietilen d\u00f6ng\u00fcs\u00fcn\u00fcn 2028 y\u0131l\u0131na kadar dip noktas\u0131na ula\u015famayabilece\u011fi \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n
Buna kar\u015f\u0131n, Asya-Pasifik b\u00f6lgesinde yeni yat\u0131r\u0131mlar dikkat \u00e7ekiyor. Bharat Petroleum, Madhya Pradesh\u2019te entegre bir rafineri ve petrokimya kompleksi geli\u015ftirerek, Bina rafinerisinin kapasitesini y\u0131ll\u0131k 7,8 milyon tondan 11 milyon tona \u00e7\u0131karacak ve 1,2 milyon ton kapasiteli etilen kraker \u00fcnitesini sisteme entegre edecek.<\/p>\n
K\u00fcresel etilen pazar\u0131, 2025 y\u0131l\u0131nda 154,12 milyar dolar\u0131 a\u015farken, 2026\u20132035 d\u00f6neminde y\u0131ll\u0131k y\u00fczde\u00a05,64 b\u00fcy\u00fcme ile 2035 y\u0131l\u0131na kadar 266,81 milyar dolara ula\u015fmas\u0131 bekleniyor. Etilen hacminin +\u00a0y\u00fczde1,1 CAGR ile 163 milyon tona, piyasa de\u011ferinin ise +y\u00fczde1,9 CAGR ile 241 milyar dolara y\u00fckselmesi \u00f6ng\u00f6r\u00fcl\u00fcyor. \u00d6te yandan, Avrupa\u2019da otomotiv ve in\u015faat sekt\u00f6rlerinden gelen zay\u0131f talep, fiyatlar\u0131n yukar\u0131 y\u00f6nl\u00fc hareketini s\u0131n\u0131rl\u0131yor.<\/p>\n
Marba\u015f Menkul De\u011ferler, sekt\u00f6rde marjlarda hafif toparlanma g\u00f6r\u00fclse de, 2026 y\u0131l\u0131 i\u00e7in zay\u0131f talep ve artacak sekt\u00f6rel yat\u0131r\u0131mlar\u0131n olu\u015fturdu\u011fu arz fazlas\u0131 nedeniyle zorlu bir d\u00f6nemin devam edece\u011fini belirtiyor. Ancak olas\u0131 pozitif senaryolar aras\u0131nda, eski ve verimsiz \u00fcretim tesislerinin devreden \u00e7\u0131kar\u0131lmas\u0131 ile arz fazlas\u0131n\u0131n daha h\u0131zl\u0131 dengelenmesi ve y\u0131l sonunda kademeli toparlanma ile \u201cyumu\u015fak ini\u015f\u201d senaryosuna ula\u015f\u0131lmas\u0131 \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n
Makasa bak\u0131ld\u0131\u011f\u0131nda, 2025 Ekim-Aral\u0131k ortalama etilen-nafta makas\u0131 158 USD olurken, 2024\u2019\u00fcn ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde\u00a010,76 azald\u0131. 2026 Ocak-\u015eubat ortalama makas 218 USD seviyesinde ger\u00e7ekle\u015fti ve bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde\u00a03,9 d\u00fc\u015f\u00fc\u015f g\u00f6sterdi.\u00a0<\/p>\n
Sekt\u00f6r analistleri, bu geli\u015fmelerin fiyatlar \u00fczerindeki bask\u0131y\u0131 art\u0131rd\u0131\u011f\u0131n\u0131, talep ve arz dengesine ba\u011fl\u0131 olarak 2026 y\u0131l\u0131nda petrokimya sekt\u00f6r\u00fcn\u00fcn zorlu ko\u015fullar alt\u0131nda seyredece\u011fini vurguluyor.<\/p>\n
\u00a0<\/p>\n
<\/strong> \u0130stanbul, 17 \u015eubat (Hibya) – Marba\u015f Menkul De\u011ferler\u2019in analizine g\u00f6re, petrokimya sekt\u00f6r\u00fcnde 2026 y\u0131l\u0131na y\u00f6nelik arz y\u00f6nl\u00fc soru i\u015faretleri \u00f6n plana \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":1,"featured_media":48509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1],"tags":[],"class_list":["post-48508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/48508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=48508"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/48508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/48509"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=48508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=48508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=48508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"