China's Sinopec to cut PE,PP production in March on low cracker ops

09 March 2012 03:15  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Petrochemical major Sinopec plans to reduce its polyethylene (PE) and polypropylene (PP) production output by 50,000 tonnes in March, industry sources said on Friday.

This is a result of a decrease in operating rates at its upstream cracker to 90-95%, the sources added.

The company could not be immediately reached for comments.

The affected production lines belong to Sinopec’s subsidiaries; Maoming Petrochemical, Zhongyuan Petrochemical, Yangzi Petrochemical and Qilu Petrochemical, market sources said.

Production is curtailed by introducing a brief shutdown or reducing operating rates of the plants, they added.

Additional reporting by Ong Sheau Ling

By: Amy Yu

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