Feb China HCBR Operating Rate Decreased
Up to the end of February 2022, China’s HCBR capacity totaled 1,402kt/a. Seven produces were in North China, 3 in East China, 2 in South China, 2 in Northeast China, 2 in Northwest China, and 1 in Southwest China.
The average operating rate of China’s HCBR industry in February was 74.28%, down 5.46% M-O-M and up 5.82% Y-O-Y. The reasons were as follows: As for the state-owned enterprises, the unit at Nanjing Yangzi Petrochemical remained shut. Sinopec Qilu Company reduced the operating rate for a short time in mid-February. As for private HCBR enterprises, Zibo Qixiang Tengda Chemical, Shandong Wintter Chemical, China Zhenhua Oil and Shandong Huayu Rubber suspended production or reduced output. Other HCBR units had no obvious changes.
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