Turnarounds in Asia pull up propylene prices further
To track the most updated PP production news, please see PP Production News (For members only)
In production news, South Korean YNCC shut their No 2 cracker in Yeochun, with a 270,000 tons/year propylene capacity, on March 10. The shutdown is to last about a month. Japan’s Tosoh Corporation, meanwhile, already shut their Yokkaichi cracker with 316,000 tons/year propylene capacity on March 8. The cracker is slated to restart on April 14. Formosa Petrochemicals is also planning a shutdown at their No 2 cracker sometime between March and April. The cracker has 375,000 tons/year propylene capacity. South Korean Lotte Chemical is planning a month long maintenance at their 480,000 tons/year Yeosu plant between April 11 and May 6.
Source: ChemOrbis Price Wizard
During May and June, further shutdowns are planned. Japan’s Maruzen Petrochemical is to shut their 520,000 tons/year Chiba plant on May 10 until the end of June, for 50 days. Meanwhile, Mitsubishi Chemicals is also planning a maintenance shutdown at their Kashima cracker, with 540,000 tons/year propylene capacity, from May 7 until end June, just over 50 days.
Japan’s JX Nippon Oil & Energy is planning a turnaround at their 260,000 tons/year Kawasaki plant between July and September. Formosa Petrochemical is planning a 50-day maintenance shutdown at their 515,000 tons/year No 2 cracker between August 1 and September 22. Idemitsu Kosan is to shut their Tokuyama cracker, with 450,000 tons/year propylene capacity, for a month long turnaround in September. South Korean SK Energy, meanwhile, is also mulling over conducting a maintenance shutdown at their Ulsan cracker as of September 17. The cracker has 360,000 tons/year propylene capacity.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- ABS prices see more-than-a-year low in Asia, Europe
- Styrene prices sink to multi-month lows in Asia and Europe
- European PET posts double-digit decreases for October
- PVC downturn gains pace in Asia on Taiwanese major’s larger-than expected drop
- Asian spot propylene regains premium over ethylene for first time since 2013
- Import LDPE, LLDPE prices almost back at par with ethylene in China
- Turkish players voice early PP, PE expectations for November
- Thin buying cushions impact of PVC shutdowns across Europe
- China’s PP market makes a strong start to post-holiday period
- Asian ethylene-naphtha spread narrows to 3-year low