Northeast Asian spot olefin sentiment has turned cautiously firm following confirmation that South Korea’s Korea Petrochemical Ind. Co. (KPIC) is taking its Onsan naphtha-fed steam cracker offline in Q4 2026 for a major scheduled maintenance programme.
China’s Fujian Gulei Petrochemical Co Ltd is advancing trial operations across its new petrochemical complex in Fujian province, targeting a commercial start-up before the end of the fourth quarter of 2026, market sources said on Monday.
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.