03 July 2012 05:22 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Jilin Petrochemical is planning to restart its 850,000 tonne/year naphtha cracker and derivative plants in Jilin province on 4 July after shutting them for scheduled maintenance in late May, a company source said on Tuesday.
The cracker’s derivative units include a 275,000 tonne/year linear low density polyethylene (LLDPE) unit and a 300,000 tonne/year high density PE (HDPE) unit, the source said.
The restart of the cracker and its derivative plants may cause the supply of HDPE and LLDPE to increase, but its impact on the spot market is likely to be small, said a market player, adding that the turnaround at PetroChina subsidiary Lanzhou Petrochemical’s cracker will balance out the potential rise in spot supply.
In addition, Jilin Petrochemical’s shutdown was scheduled and parent company PetroChina stocked up sufficient product for customers before the shutdown.
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