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Insight | Time: Jun 21 2022 10:24AM  Editor:Amber
PE plant operating rate plummets on intensive shutdown
 
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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.


[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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