Nov 21, 2024 2:31 p.m.
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Malaysia’s Lotte Chemical Titan shut part of PP and PE plants for unscheduled maintenance
21 Nov 2024 The company has reported losses for 10 consecutive quarters, with a net loss of RM246.42 million recorded in the third quarter ending September 30, 2024 (3QFY2024). In its filing to Bursa Malaysia, the company projected its annual operating rate to stabilize between 55% and 60% for FY2024.
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20 Nov 2024

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South Korea’s Hyosung to shut PP plants for scheduled maintenance

The maintenance shutdown, originally scheduled for November, was postponed due to a substantial backlog of orders. As the South Korean plant going off-stream, Hyosung is said to rely on its sister facility in Vietnam to partially fulfill contract obligations.
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15 Nov 2024

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China set to launch eight new PE complexes in the coming quarters

As of this report, two LDPE/EVA swing plants owned by Xinjiang Tianli and Jiangsu Sailboat have reached stable operating rates following their startup in October 2024. Both units are currently producing LDPE.
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13 Nov 2024

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Technical issues forced China’s Oriental Maoming to shut PP plant

Market participants in China are closely monitoring the situation to gauge the potential impact on the PP market. However, expectations are that any short-term market reaction may be limited
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13 Nov 2024

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China’s CNOOC and Shell Petrochemicals shut Phase II plants following technical glitches

The timing of the incident, coinciding with a similar emergency shutdown at Oriental Energy's Maoming plant, has further heightened market volatility. In response, spot PP and PE prices in Southern China surged
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12 Nov 2024

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SP Chemicals to launch new ethylene-based PVC plant in China by late 2024

The forthcoming launch has garnered significant attention from industry stakeholders, who are closely tracking its progress amid challenging market conditions.
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12 Nov 2024

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JG Summit weighs temporary shutdown of Batangas complex amid mounting losses

The decision highlights the deepening challenges for petrochemical producers in Asia, who are grappling with high naphtha costs and persistently weak demand for polyolefins.
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12 Nov 2024

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China’s Sinopec Ineos commenced commercial production at the new PP, and PE plants

Operational as of November 11, 2024, the plants have already achieved on-spec output, positioning Sinopec Ineos to add a substantial 1.15 million tons per year to China's polyolefin supply.
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