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Turnarounds in Asia pull up propylene prices further

by ChemOrbis Editorial Team -
  • 10/03/2016 (03:53)
In Asia, cracker turnarounds continue to pull up the monomer markets. As a result of the current and upcoming shutdowns coupled with stronger crude oil prices, trading above the $35/bbl threshold, spot propylene prices have recorded further increases. Looking at prices, they stand $50-65/ton higher when compared with the beginning of February.

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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.
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