Malaysia’s Lotte Titan plans to cut operating rates on squeezed margins

11 Mar 2022 In mid-February, Lotte Titan has already shut its Fluidised Naphtha Cracker (FNC) at the same location for two-month maintenance.

11 Mar 2022

Chinese PE plant cut operating rates to protect margins

“Some producers are selling the excess ethylene stocks. So far, the fall in production rates has yet to impact the buying sentiment in the local PE market," a local trader said.

10 Mar 2022

Chinese PP plants slash operating rates due to thin margins

Theoretically, spot homo-PP yarn should be priced at $1425/ton, taking into account the $150/ton conversion costs. The local PP market in China is far below this level.

03 Mar 2022

Taiwan petrochemical plants shut unexpectedly after power outages

At least one producer has told its customers to expect some impacts on the delivery as a result of the production disruptions.

28 Feb 2022

UAE’s Borouge started up the fifth PP plant

The fifth PP unit (PP5) is part of Borouge 3. The project kickstarted in 2018 and was scheduled to come online during the third quarter of 2021.

28 Feb 2022

Emergency shutdown at Iran's BCCO PE plant

According to market sources, Iran's Bakhtar Commercial Company (BCCO) has unexpectedly shut its PE plant over the ...

24 Feb 2022

Explosion at Indonesia’s Mitsubishi Chemical injured six

According to media reports, six people were injured after an explosion at Mitsubishi Chemical Indonesia’s plant cast chemical ashes to the near-by location during the early hours on 24 February 2022.

22 Feb 2022

Vietnam’s NSRP shuts PP plant after fire

The plant has been operating at 50% capacity since the beginning of February and was initially scheduled to ramp up the run rate at the beginning of March.

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