China’s Inner Mongolia Baofeng III started up No.3 HDPE/LLDPE swing unit

14 Mar 2025 Market participants are closely monitoring the company’s decision to prioritise LLDPE over HDPE at startup, given the continued weakness in China’s domestic LLDPE market. Concerns over capacity expansions have persisted since December 2024,

12 Mar 2025

Thailand’s Vinylthai to start up new PVC unit by mid-2025

The Asian PVC market has been navigating strong headwinds in recent months, driven by abundant supply—particularly from China—and sluggish demand amid broader macroeconomic challenges.

12 Mar 2025

China’s Zhejiang Petrochemical unexpectedly shut part of the PP plant

China’s Zhejiang Petrochemical Co Ltd (ZPC) has declared an emergency shutdown of one of its polypropylene (PP) production lines due to an unspecified technical issue, according to market sources.

11 Mar 2025

South Korea’s Lotte Chemical restarted the Daesan plant following February outage

Despite the restart, supply chain disruptions are expected to persist. The company may face challenges in meeting delivery commitments for previously sold cargoes, raising concerns among buyers.

05 Mar 2025 SPVC k67-68 SPVC (A) k67-68

Chinese PVC market anticipates supply relief amid heavy maintenance season in March–April

This comes on top of several indefinite shutdowns driven by margin pressures, further tightening supply. While these maintenance activities may offer short-term support, the broader market continues to grapple with persistent demand weakness.

28 Feb 2025

Thailand’s SCGC advances ethane storage construction at Long Son Petrochemicals complex

SCG Chemicals (SCGC) is advancing the final phase of its feedstock diversification initiative at the Long Son Petrochemicals Complex (LSP) in Vietnam, marking a significant milestone with preparations for the construction of ethane storage tanks now underway.

26 Feb 2025

Update: China to face increased HDPE and LDPE plant shutdowns in Q2 2025

The tightening supply has been a key factor behind the sustained upward momentum in HDPE prices. According to the CommoPlast Price Index, local HDPE prices on an EXW China basis have strengthened for four consecutive weeks

25 Feb 2025

Update: China’s ExxonMobil Huizhou reaches on-spec output at LLDPE units, unveils wider startup plans

Meanwhile, the No. 2 LLDPE production line remains in trial runs, with market participants anticipating an imminent transition to on-spec production. However, commercial-scale operations for both units are contingent on the cracker’s successful launch.

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