China’s prompt polyolefin balance faces renewed upward pressure as a major domestic petrochemical producer prepares to shut its Ethylene Phase II cracker at the Yantai petrochemical complex in Shandong province for an extensive 60-day planned turnaround starting 10 October 2026.
Asian polyolefin markets face an abrupt supply contraction heading into the fourth quarter after South Korea’s H&L Advanced declared an emergency shutdown (ESD) at its core Daesan Naphtha Cracker Complex (NCC) on 15 September, halting global and regional supply indefinitely.
Operating through its local entity, PT STL Chemical Indonesia, the Shenzhen-listed producer has established project command operations within the Manyar industrial corridor, adjacent to the Java Integrated Industrial and Ports Estate (JIIPE).