31 Mar 2021
This is the second time the producer is forced to suspend production within this quarter due to technical difficulty.
The PP capacity has been boosted to 300,000 tons per annum from the previous 190,000 tons. The butadiene unit has an annual output of 70,000 tons/year – the first of its kind in Philippines.
While players are not showing heavy concerns over ethylene availability, there have been discussions on the propylene market.
30 Mar 2021
The cracker was taken off-stream on 28 March 2021 due to a technical issue at the compressor.
29 Mar 2021
The impact on the Asian market might be insignificant as ample and competitive Chinese materials continue to fill up the supply gaps.
There have been a number of reports from market players that the producer has canceled contract obligations for the current week due to the shutdown.
It is uncertain at the moment the cause of the fire, however, a source close to the company said that ‘there was heavy rain and lightning’ at the time of the incident.
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