Guide LANGUAGE: ENTER in September, petrochemical maintenance end step by step, supply pressure shows gradually. Compared with August, the maintenance loss will decrease by 66.31%. Compared with the previous month, the low-voltage maintenance loss decreased by 74.04%,LDPE maintenance loss decreased by 65.39%, and LLDPE maintenance loss decreased by 48.32%.
In September, petrochemical maintenance was mainly concentrated in northwest, northeast and East China, accounting for 31.25%, 18.75% and 18.75%, respectively. Among them, HAguolong Oil (400,000 tons/year full density) and Shanghai Petrochemical (250,000 tons/year full density) are scheduled to start operation in September. The 350,000 tons/year LLDPE of Zhongan United and 270,000 tons/year LDPE of Sinonergy Xinjiang are also scheduled to restart in September. Others are mostly small monthly maintenance. Yanshan Petrochemical 70,000 tons/year low pressure unit, CNOOC Shell 250,000 tons/year LDPE unit, Dushanzi Petrochemical 300,000 tons/year unit, Qilu Petrochemical 120,000 tons/year old full density unit, Dushanzi 300,000 tons/year new low pressure unit, Lanzhou Petrochemical 300,000 tons/year new full density unit scheduled maintenance. The maintenance time is about 4-24 days. Only 300,000 tons/year low pressure of Ningxia Baofeng Phase II and 300,000 tons/year low pressure of China-Korea Petrochemical Phase II are inter-monthly maintenance in September.
On the whole, in terms of new production, Lianyungang Petrochemical Co., LTD. Phase II has been put into production and is currently producing mid-air BL3. Shandong Jinhai Chemical Co plans to start production around October, amid expectations of increased domestic supply. In terms of import, influenced by the weak demand for polyethylene abroad, a large number of foreign investors sell to China at low prices, increasing the imported resources and increasing the overall supply pressure. On the macro side, there is no substantial result in Iran negotiations, and the downward trend in the crude oil market is still continuing, which has limited support for polyethylene. Downstream, although September demand peak season opened, but the increase in downstream construction is relatively slow, the boost is limited. Overall, in the oversupply environment, polyethylene rise space is limited.
Post time: Sep-01-2022