South Korea’s Lotte Chemical to cut steam cracker run rates

17 Mar 2022 Lotte Chemical is the latest company joining the wave of operating rate cuts among naphtha cracking operators across Asia in recent weeks due to negative margins.

16 Mar 2022

Saudi Aramco to construct a new petrochemical plant in China

The project named Huajin Aramco Petrochemical Company (HAPCO) is expected to come online in 2024

16 Mar 2022

More Chinese PP, PE producers cut operating rates amid squeezed margins

A series of PP and PE plants cutting operating rates last week failed to ease inventory pressure and stimulate demand in China, and a meltdown in the local market this week triggered a fresh wave of plant adjusting operating rates to accommodate the demand.

11 Mar 2022

Malaysia’s Lotte Titan plans to cut operating rates on squeezed margins

In mid-February, Lotte Titan has already shut its Fluidised Naphtha Cracker (FNC) at the same location for two-month maintenance.

11 Mar 2022

Chinese PE plant cut operating rates to protect margins

“Some producers are selling the excess ethylene stocks. So far, the fall in production rates has yet to impact the buying sentiment in the local PE market," a local trader said.

10 Mar 2022

Chinese PP plants slash operating rates due to thin margins

Theoretically, spot homo-PP yarn should be priced at $1425/ton, taking into account the $150/ton conversion costs. The local PP market in China is far below this level.