Update: Maintenance shutdown schedules at Chinese PP plants in 4Q2024

04 Oct 2024 While the expected 100,000-ton monthly shortfall may not drastically alter overall market dynamics, regular buyers of these PP grades could face tightening supply conditions.

04 Oct 2024

Update: Maintenance shutdown schedules at Chinese PE plants in 4Q2024

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

04 Oct 2024

Malaysia’s Lotte Chemical Titan to shut PE plant for brief maintenance; local market faces tightness

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.

01 Oct 2024

Update: Vietnam’s Nghi Son restored plant utilization rates at PP unit

Nghi Son Refinery and Petrochemical has significantly increased operating rates at its sole PP plant in Vietnam, following a reduction in early September due to weak production margins, according to market sources.

01 Oct 2024

Thailand’s IRPC considers a late-October maintenance shutdown of two PP plants

While IRPC has framed the upcoming maintenance as routine, the back-to-back shutdowns could raise concerns about potential disruptions in supply.

24 Sep 2024

Indonesia’s Lotte Chemical Titan shut PE plants for brief maintenance

In response to the shutdown, Indonesian suppliers have raised spot LLDPE film offers, reflecting concerns over tightening supply. However, doubts remain about the sustainability of this price trend in the longer term.

14 Sep 2024

Malaysia’s Petronas to undergo maintenance at PE unit

The extended downtime could potentially disrupt supply dynamics in the country, and industry participants are closely monitoring the situation for further developments.

11 Sep 2024

Vietnam’s Nghi Son trimmed the operating rate at PP plant amid poor margins

There is currently no confirmation on how long the plant will maintain the reduced operating rate. However, market insiders suggest that further cuts could be imminent,

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