Indonesia’s Lotte Titan to restart LLDPE plant after unexpected shutdown

19 Jul 2023 A couple of major trading houses in Indonesia decided to lift LLDPE film offers above HDPE film prices, taking advantage of the supply situation.

17 Jul 2023

UPDATE: South Korea’s Hyundai to shut HDPE plant for maintenance in September

Meanwhile, the producer has not revealed any plans for the LDPE/EVA swing unit at the time of this report.

13 Jul 2023

South Korea’s Hyundai restarted PP plants, PE units to come back in August

As reported earlier, the South Korean government abolishes import duty on naphtha by the end of 2023 in an attempt to support the petrochemical sector in the country.

10 Jul 2023

Saudi Aramco and TotalEnergies awarded EPC contracts to build a mega petrochemical complex in Jubail

The new petrochemical complex with an estimated investment of $11 billion, named Amiral is built to utilize the off-gases and naphtha from the SATORP refinery

05 Jul 2023

UPDATE: Malaysia’s PrefChem stabilizes operating rates at PP, LLDPE plants

According to market sources, Pengerang Refining and Petrochemical (PRefChem) has reportedly stabilized operating rates at its PP and LLDPE plants following the recent maintenance and plant hiccups.

05 Jul 2023

Taiwan’s Formosa to shut PVC unit for maintenance

Market participants are monitoring closely the potential impact of this overhaul on the near-term pricing movement.

27 Jun 2023

UPDATE: Vietnam’s LSP to start commercial production in September

The company has been consistently carrying out trial productions at each production line over the past months. The rigorous testing process is expected to complete in July or August

27 Jun 2023

South Korea’s S-Oil kickstarted the construction of the crude-to-chemical plant

According to media reports, S-Oil Corporation is expected to erect a new petrochemical plant in Ulsan, South Korea by 2026 as the company broke ground at the 9 trillion Won project.

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