01 Nov 2023
In the first ten months of 2023, China has already added six new PET plants with a combined capacity of 3.8 million tons per annum.
10 Oct 2023
The producer has begun offering their products in the spot market, and contract deliveries are set to commence this week to address the backlog.
06 Oct 2023
According to market sources, Nghi Son Refinery and Petrochemical is scheduled to complete the major maintenance work at the refinery unit and the downstream PP plant in Central Vietnam
29 Sep 2023
According to market sources, PT Pertamina is planning to shut its sole PP unit in Plaju, Indonesia for a scheduled maintenance in October
16 Sep 2023
Meanwhile, two other LLDPE units with a nameplate capacity of 390,000 tons/year each, are not affected by the overhaul.
The maintenance shutdown is expected to support the trading sentiment in India moving forward as tighter supply might encourage buyers to accept the latest price hikes.
13 Sep 2023
Data showed that most Asian PP plants suffer from squeezed margins, forcing many companies to operate at reduced rates for a prolonged period.
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