PE plant operating rate plummets on intensive shutdown
On Jun 20, PE plant operating rate declines sharply compares with last Friday, which plummets to around 75% from 82%, as plants shut intensively on this weekend. On the whole, the intensive shutdown of PE plants involves many factors, such as Sinopec Shanghai PC affected by sudden fire, ZRCC, Shanghai Golden Philips and Sinopec Yanshan PC with ethylene cracking plant problems, and the grade transition of Shandong shouguang LuQing petrochemical and so on.
The following figure shows the temporary shutdown plants this weekend:
Enterprises | Production | Capacity (kt/year) | Note |
Sinopec Shanghai PC | LDPE | 200 | shut on Jun 18 due to the fire |
ZRCC | HDPE/LLDPE | 300 | shut on Jun 19 due to the ethylene problem |
Shanghai Golden Philips | HDPE | 150 | shut on Jun 19 due to the ethylene problem |
Zhejiang Petroleum & Chemical II | HDPE | 350 | planned turnaround |
Sinopec Yanshan PC | HDPE | 160 | shut on Jun 19 due to the ethylene problem |
Sinopec Yanshan PC | LDPE | 380 | shut on Jun 19 due to the ethylene problem |
Sinopec Qilu PC | HDPE | 70 | shut on Jun 19 due to the ethylene problem |
Shandong shouguang LuQing petrochemical | HDPE | 350 | grade switch-over |
PetroChina Dushanzi PC | new HDPE/LLDPE | 300 | shut for maintenance on Jun 20 |
A total of 2.26 million tons of PE plants have been shut. Among them, Sinopec Qilu PC, Shandong shouguang LuQing petrochemical and PetroChina Dushanzi PC are expected to restart in the near future, and the restart of the rest plants is to be determined.
In addition, the plants that are currently closed are as follows:
Enterprises | Production | Capacity (kt/year) | Note |
Sinopec Shanghai PC | HDPE | 250 | shut on May 17 |
ZRCC | HDPE | 300 | shut on Mar 5 |
Satellite petrochemical | HDPE | 400 | shut on Jun 16 |
Sinopec Maoming PC | HDPE/LLDPE | 220 | shut on Apr 2 |
Sinopec Maoming PC | LDPE | 110 | shut on Apr 28 |
Sinopec Maoming PC | new LDPE | 250 | shut on Jun 8 |
Sinopec Maoming PC | HDPE | 350 | shut on Jun 9 |
Sinopec-SK (Wuhan) PC II | HDPE | 300 | shut in Feb 28 |
PetroChina Daqing PC | LLDPE | 80 | shut on Jun 16 |
PetroChina Jilin PC | LLDPE | 275 | shut on Jun 9 |
PetroChina Fushun PC | old HDPE | 140 | shut on Mar 23 |
Liaoning Huajin Tongda | old HDPE/LLDPE | 150 | shut for a long term |
Shenyang Chemical | LLDPE | 100 | shut on Oct 15, 2021 |
Haiguolongyou | HDPE/LLDPE | 400 | shut on Apr 6 |
PetroChina Lanzhou PC | old HDPE/LLDPE | 60 | shut on Jun 16 |
PetroChina Sichuan PC | HDPE | 300 | shut on Jun 15 |
The above-mentioned plants totaled 3.685 million tons, of which, PetroChina Jilin PC plans to restart this week and PetroChina Lanzhou PC are expected to restart in the near future, and the restart of the most plants is to be determined.
This article is for reference only, and the specific industry news will be updated irregularly in CCFGroup website.
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