Chinese PE plant cut operating rates to protect margins

11 Mar 2022 “Some producers are selling the excess ethylene stocks. So far, the fall in production rates has yet to impact the buying sentiment in the local PE market," a local trader said.

10 Mar 2022

Chinese PP plants slash operating rates due to thin margins

Theoretically, spot homo-PP yarn should be priced at $1425/ton, taking into account the $150/ton conversion costs. The local PP market in China is far below this level.

03 Mar 2022

Taiwan petrochemical plants shut unexpectedly after power outages

At least one producer has told its customers to expect some impacts on the delivery as a result of the production disruptions.

28 Feb 2022

UAE’s Borouge started up the fifth PP plant

The fifth PP unit (PP5) is part of Borouge 3. The project kickstarted in 2018 and was scheduled to come online during the third quarter of 2021.

28 Feb 2022

Emergency shutdown at Iran's BCCO PE plant

According to market sources, Iran's Bakhtar Commercial Company (BCCO) has unexpectedly shut its PE plant over the ...

24 Feb 2022

Explosion at Indonesia’s Mitsubishi Chemical injured six

According to media reports, six people were injured after an explosion at Mitsubishi Chemical Indonesia’s plant cast chemical ashes to the near-by location during the early hours on 24 February 2022.

22 Feb 2022

Vietnam’s NSRP shuts PP plant after fire

The plant has been operating at 50% capacity since the beginning of February and was initially scheduled to ramp up the run rate at the beginning of March.

18 Feb 2022

China’s Sinopec cuts operating rates at PP, PE plant on squeezed margins

In fact, the local PP and PE market has been on the weakening trend for nearly every day over the past week, and even with Chinese suppliers actively pushing for export, the total stocks at major producers’ warehouses remain above the 1 million tons threshold.

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