According to the latest newsletter of the “Polymer MIS” the future market updates for materials are as follow. To save the rights of the publisher, we are publishing part of this report and for the rest we recommend our readers to be a subscriber of this useful website.
On December 4th, 2019 the “Polymer MIS” has published the following report:
China Future Market Updates:- Today January Future Prices of PP closed lower by 22 RMB at 8084, LLDPE higher by 10 RMB at 7250 and PVC lower by 35 RMB at 6675.
International Offers for India & Vietnam:-
CRC Resin has offered their PET grade IV 0.80 at US$ 840/MT, CIF Nhava Sheva/Chennai basis, US$ 860/MT, CIF Kolkata, US$ 885/MT, CIF Delhi and US$ 850/MT, CIF Cochin for December 2019 shipment.
A Saudi producer offered PP Homo at 980/MT, LLDPE Film at US$ 820/MT and LDPE Lamination at US$ 885/MT, LC at sight, CIF Vietnam for December, 2019.
International Offers for China:
Traders quoted PP Film Grade 1128N from Saudi Arabia at US$ 920/MT, T/T, CFR Huangpu basis for December arrivals.
Traders quoted PP Injection Grade H110MA from India at US$ 910/MT, T/T, CFR Huangpu basis for January, 2020 arrivals.
Traders quoted PP Raffia Grade 030SG from India at US$ 900/MT, T/T, CFR Ningbo basis for January, 2020 arrivals.
Traders quoted PP Copol Grade CP90N from Saudi Arabia at US$ 930/MT, T/T, CFR Huangpu basis for December arrivals.
Traders quoted PP Fiber Grade 5101R from Oman at US$ 920/MT, L/C at sight, CFR Huangpu basis for December arrivals.
Traders quoted HDPE Film Grade F0554 from Saudi Arabia at US$ 805/MT, T/T, CFR China main port for December shipment.
Traders quoted HDPE Injection Grade 62N07 from Iran at US$ 755/MT, T/T, China main port for December shipment.
Traders quoted HDPE Raffia Grade T10/T9 from India at US$ 805/MT, T/T, China main port for December shipment.
4th December 2019
Traders quoted HDPE Blow Grade B6003 from India at US$ 785/MT, T/T, CFR Shanghai for December shipment.
Traders quoted LDPE Film Grade 242000 from Iran at US$ 835/MT, T/T, CFR Shanghai basis for Bonded warehouse.
Traders quoted LLDPE Film Grade 19010/18010 from India at US$ 765/MT, T/T, CFR Huangpu basis for December shipment.
Petrochemical News:
CNOOC and Shell Petrochemicals Co (CSPC) is planning to restart its No. 2 Polypropylene (PP) Plant on 5th December, 2019 after maintenance work. The Plant is located at Guangdong, China with the production capacity of 400,000 Tons/Year.
Taiyo Vinyl is planning to shut its Polyvinyl Chloride (PVC) Line in early-March, 2020 for maintenance work. The Line is located in Yokkaichi, Japan with the production capacity of 304,000 Tons/Year.
Lotte Chemical Titan is planning to shut its Cracker in March 2020 for maintenance work. The Cracker is located at Pasir Gudang, Malaysia with Ethylene capacity of 522,000 Tons/Year and Propylene of 360,000 Tons/Year.
Fujian Meide Petrochemical is planning to start its Propane Dehydrogenation (PDH) Plant in Q1 of 2020. The Plant is located in Fujian, China with the production capacity of 660,000 Tons/Year.
Eastman Chemical has restarted its Cracker after maintenance work. The Cracker is located at Longview, Texas with total Ethylene capacity of 650,000 Tons/Year and Propylene of 230,000 Tons/Year.
JG Summit is planning to restart its PP and PE Units by mid-December, 2019 after maintenance work of two months. The Units are located at Batangas, Philippines with PP capacity of 190,000 Tons/Year and HDPE/LLDPE of 325,000 Tons/Year.
SK Advanced is planning to shut its Propane Dehydrogenation (PDH) Plant in earlyFebruary, 2020 for maintenance work. The Plant is located in Ulsan, South Korea with the production capacity of 600,000 MT/Year.
4th December 2019
BP Chemicals has restarted its liquid Catalytic Cracking Unit after maintenance work. The Unit is located at Whiting, Indiana with Propylene capacity of 165,000 Tons/Year.
Anqing Shuguang Chemical Group has shut its SM Plant unexpectedly. The Plant is located in Anhui, China with the production capacity of 260,000 MT/Year.
Liaocheng Meiwu New Materials Technology has started test runs at its new MTO Plant. The Plant is located in Shandong Province, China with Ethylene capacity of 120,000 Tons/Year and Propylene of 170,000 Tons/Year.
Miscellaneous News:
Sasol is planning to increase its US Polyethylene (PE) Prices by 5 Cents/Pound or US$ 110/Tons w.e.f. 1st January, 2020.
Ecopet has reduced PET Spot Prices in Russia by 2,000 Rubles/Tons and assessed in the range of 80,000-83,000 Rubles/Tons.
SK Global Chemical (SKGC) is planning to shut its No.2 Paraxylene (PX) Unit by end-Feb, 2020 for maintenance work of 6-7 weeks. The Unit is located in Ulsan, South Korea with the production capacity of 450,000 MT/year.
Mizushima is planning to shut its Paraxylene Plant in February 2020 for maintenance work of 6-7 Weeks. The Plant is located in Mizushima, Japan with the production capacity of 350,000 MT/Year.
Nghi Son Petrochemical has delayed the restart of Benzene Unit after maintenance work. The Unit is located in Thanh Hoa Province, Vietnam with the production capacity of 240,000 Tons/Year.
Celanese has increased capacity utilization at its VAM Plant to 60% after restart. The Plant is located in Jiangsu, China with the production capacity of 300,000 Tons/Year.
Xinhang Energy has restarted its MEG Unit after short maintenance work. The Unit is located in Inner Mongolia, China with the production capacity of 360,000 Tons/Year.
Calumet Montana Refining has restarted its Refinery after a small fire. The Refinery is located in Great Falls, Montana with the capacity of 24,000 b/d.
Please read the full article at: Polymer MIS
