plant
The latest shutdown at Lotte, though brief, comes at a challenging time for the company. It follows major maintenance work during the second quarter, leading to a combined PE production loss of nearly 40,000 tons this year.
insight
Meanwhile, Chinese PET bottle suppliers raised both domestic and export offers earlier this week in response to a more optimistic market outlook. This came after the Chinese government pledged to support the property sector and overall economic growth.
plant
In total, the fourth quarter is anticipated to see HDPE production losses reach around 360,000 tons, while LLDPE is projected to drop by 192,000 tons. This represents a stark decline in HDPE availability compared to the previous quarter
Get daily prices along with industry leading opinions
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,594 +183 | 8,199 +176 | 5,799 +267 |
| Close (USD/ton) | 959 +26 | 1,035 +25 | 732 +38 |
| Volume | 357,315 -46189 | 337,940 -25907 | 756,662 -70058 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 7,398 +370 | 5,198 +244 | 4,673 +168 |
| Close (USD/ton) | 934 +52 | 656 +35 | 590 +24 |
| Volume | 85,991 -9119 | 1,030,000 -90000 | 255,733 -4934 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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