Overseas petrochemical plant PE products

Overseas petrochemical plant PE products

Analysis of domestic petrochemical inventory

On Wednesday, petrochemical inventory was 655,000 tons, a decrease of 10,000 tons from yesterday but an increase of 80,000 tons compared to the same period last year. Petrochemical inventories hit a historic low before New Year's Day. After the holidays, petrochemical companies reduced maintenance, leading to a slight increase in supply pressure. Coupled with weak demand, there was a sudden increase in petrochemical inventory pressure after the holidays.

Translation: Summary of domestic Polypropylene (PP) plant dynamics

Recently, Baolai's first line stopped production, but Jingbo's second line, Maoming's second line, and others have restarted. The operating rate of polypropylene (PP) continues to rebound, currently at around 86%, an increase of 1% from last week, 2% from last month, and a decrease of 3% compared to the same period last year.

Domestic PE production shutdown and maintenance updates

PE plants are generally stable, with operating rates maintained at around 88%, up 2% from last week but down 4% from the same period last year. Hainan Refining & Chemical and Sino-Korean Petrochemical are planning to start their HDPE plants, while Zhejiang Petrochemical is planning to halt its HDPE plant. It is expected that the operating load of PE will be slightly strengthened.

January 10th, 5:00 PM oil price update