а1Increasing the supply of polyethylene (PE) and polypropylene (PP) by Sinopec Sabic Tianjin Petrochemical after the completion of repairs at its plants in Tianjin (Tianjin city, China) can have an impact on the market, according to ICIS, citing sources in the market.

Sinopec Sabic Tianjin Petrochemical launched a cracker with capacity of 1 million tonnes per year on Monday, September 26 at Tianjin. The company the next day also resumed production at the plants for the production of polyethylene and polypropylene in Tianjin.

These companies, which include a plant to produce high-density polyethylene (HDPE) capacity of 300 ths. Tons, the production of linear polyethylene plant (LDL) with a capacity of 300 thous. Tons and the plant PP capacity of 450 thous. Tons per year, were closed for scheduled prevention of August 11 this year. On the same site the company controls the production of monoethylene glycol (MEG) with a capacity of 380 thous. Tons per year.

According to the price review ICIS-MRC, in Russia, buying activity in the PE market is still low, including at the expense of serious subsidence prices. Excess polyethylene is still not yet and helps the growth of export sales. As for the PP market in the second half of the month buying activity in the market is also significantly reduced, many refiners have shut down all of its transactions with respect to supplies in September. Also by the end of the month producers managed to balance the situation on the market PP-Homo, whereas the market of propylene copolymers are deficient. At the end of the week was marked rise in prices of propylene copolymers Russian due to lack of supply.

Sinopec Sabic Tianjin Petrochemical is a 50:50 joint venture between the Chinese state company Sinopec and Saudi petrochemical giant Sabic.

MRC