03 February 2012 09:39 [Source: ICIS news]
By Amy Yu
“The capacity loss of domestic [
PE output is predicted to be around 2.69m tonnes in the second quarter this year, from 2.71m in the same period last year, a 0.6% decrease, according to Chemease data.
The decrease in capacity output for PE will likely drive market prices up in the second quarter though import volumes at the time and the downstream demand will actually determine the change, market sources said.
Sinopec subsidiaries that include Zhenhai Refining & Chemical, Shanghai Petrochemical, Qilu Petrochemical and Zhongyuan Petrochemical have plans to shut their plants for maintenance during the April-June period.
Zhenhai Refining & Chemical plans to shut its 450,000 tonne/year linear low density polyethylene (LLDPE) unit in
While Shanghai Petrochemical is scheduled to shut its 100,000 tonne/year low density polyethylene (LDPE) unit in June for 15 days, and its 250,000 tonne/year high density polyethylene (HDPE) unit in June for 25 days, a source close to the company said. Both plants are located in
Qilu Petrochemical plans to shut its 140,000 tonne/year LDPE unit, both its 70,000 tonne/year HDPE units and a 140,000 tonne/year LLDPE unit at Qilu in
Zhongyuan Petrochemical plans to shut its 260,000 tonne/year LLDPE unit located in
Whereas, Jilin Petrochemical, a subsidiary of CNPC, plans to shut down both its 275,000 tonne/year LLDPE unit and 300,000 tonne/year HDPE units at
Lanzhou Petrochemical also plans to shut its 300,000 tonne/year LLDPE unit, 200,000 tonne/year LDPE units and 170,000 tonne/year HDPE unit located at north-western
Additional reporting by Angie Li, Rain Dong, Lizzie Yu
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