Price List: Zhongjing further stepped back on export PP offers

Zhongjing Petrochemical sekali lagi mengurangi penawaran PP ekspor sebesar $5/ton dibandingkan minggu lalu di tengah melemahnya pasar domestik menjelang liburan panjang Tahun Baru Imlek.

Penawaran terbaru dari produsen dan perubahan dari penawaran sebelumnya adalah sebagai berikut:

Meskipun terdapat peningkatan margin keuntungan, Zhongjing belum meningkatkan tingkat operasional di plant-nya, terutama di tengah ketidakpastian prospek permintaan pasca periode liburan Tahun Baru Imlek.

Sumber dari produsen menambahkan, “Pasar Asia Tenggara tidak aktif, namun kami menerima permintaan dari wilayah lain. Kami berharap dapat menjual lebih banyak kargo ke pasar ekspor karena pasar lokal mungkin menghadapi tekanan persediaan pada paruh kedua bulan Februari.”

Background:

Fujian Zhongjing Petrochemical is a subsidiary of China Soft Packaging Group Holdings Limited – a leading BOPP packaging products manufacturer in China. The company ventured into the upstream sector by building its first PP plant in 2012 and has been actively planning to expand the capacity since then.

Existing plants include two PP lines with a nameplate capacity of 1 million tons/year and a 750,000 tons/year propane dehydrogenation (PDH) unit based in Fujian, China. 

In 2018, the company signed a contract to use LyondellBasell’s 5th Generation Spheripol technology to build a new PP line with an estimated annual output of 1.2 million tons/year. The new plant is scheduled to come online between late 2022 to early 2023. 

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