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Asian Viewpoints

China polyolefin market situation and outlook

In China, several new facilities including that owned by Wuhan Petrochemical started up in the quarter January to March and supply became ample. But buying interest from overseas is receding and demand is low. Under this situation, market sentiments are weak at this moment. Going forward, several facilities are scheduled to enter maintenance from April onwards and supply ampleness is expected to ease. On the other hand, due to a cold wave in the US in February, several polymer facilities were shut down. Operations of these facilities are recovering but export volumes are still low. This factor is supporting the market.

 

Maintenance Schedule

 

Company

Product

Capacity 1,000mt/year

Period

Note

Yanchang PC

No.2 LDPE

300

From end April or early May for 20 days

Shanghai PC

No.1 LDPE

100

Apr 25-May 4

 

Shanghai PC

No.4 HDPE

250

Apr 18-May 23

 

ZRCC

PE

450

Late May

unfixed

Maoming PC

No.2 PP

300

Mar 24-May 4

 

Maoming PC

No.3 PP

200

Mar23-May 3

 

Yanshan PC

No.1 PP

120

Apr 8-Apr 21

 

Yanshan PC

No.2 PP

40

May 31-May 14

 

Yanshan PC

No.3 PP

200

Mar 30-May 13

 

Jiujiang PC

PP

100

Apr 1-May 15

 

Guanghzou PC

No.1 PP

120

Apr 3-11

 

Fusuan PC

PP

300

From Apr 2 for 60 days

 

Fusuan PC

PP

90

From Apr 6 for 60 days

 

Shanghai PC

No.1 PP

100

Apr 18-May 5

 

Shanghai PC

No.2 pp

100

Apr 19-May 5

 

Shanghai PC

No.3 pp

200

Apr 25-May 20

 

Shanghai : Energy Desk  Kim Setsubai   +81-3-3552-2411Copyright © RIM Intelligence Co. ALL RIGHTS RESERVED.