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Inner Mongolia Baofeng Energy’s $6.9 billion coal-to-olefins project is set for early launch in November
29 Oct 2024 The decision to expedite the start-up schedule is largely due to a recent drop in upstream costs, which has improved profit margins and lifted the company’s spirits following a period of market pessimism.
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25 Oct 2024

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China Resources plans partial maintenance shutdown at PET bottle plants

Market sources report that China Resources Chemical intends to implement a partial maintenance shutdown this December at two of its PET bottle production facilities, located in Changzhou and Zhuhai.
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22 Oct 2024

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Electrical malfunction shuttered five production lines at Jinneng Chemical

Jinneng Chemical Co Ltd was forced to abruptly halt operations at all five production units at its Qingdao complex on Monday, 21 October 2024, due to an unexpected electrical malfunction, according to industry sources.
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11 Oct 2024

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Vietnam’s Long Son Petrochemical mulls over extended commercial shutdown

LSP is not alone in facing these challenges. Numerous polyolefin producers across Asia have been grappling with weak demand and eroding profit margins over the past year.
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04 Oct 2024

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

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.
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04 Oct 2024

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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
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04 Oct 2024

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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.
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01 Oct 2024

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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.
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