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Chinese PE producers run plants at around 80-90%

August 18/2020

MOSCOW (MRC) -- Chinese polyethylene (PE) producers have been running plants at around 80-90%, and inventories were heard around 640,000 mt, stable in the first week of August, reported S&P Global with reference to source estimates.

Demand is described as mediocre in the market.

Global uncertainty still remains at a decade low PE price, while decline in global operating rates after a period of heavy investments could potentially be countered by capacity rationalization in high-cost production centers, sources said.

As MRC informed before, four large new crackers are poised to start operations in China in the next 3-6 months, in a sharp expansion of the country's petrochemical cracker sector.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, homopolymer PP, propylene, HDPE, ethylene, China, Russia.
Category:General News
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