PE Operating Rate Weekly Change
After the Spring Festival holiday, crude oil prices were high, and demand was sluggish. PE inventory came under pressure, and prices seemed hard to rise. Producers adjusted the operating rate and maintenance plan amid the operational pressure.
China PE Producers Weekly Operating Rate by Production Process
From the perspective of different feedstock sources, the operating rate at naphtha-based PE producers witnessed the largest adjustment, and the operating rate dropped by 9% from March 11 to March 17. The operating rate at methanol and coal-based PE producers was stable in the week from March 11 to March 17. On a weekly basis, the operating rate at methanol-based producers and coal-based producers dropped by 0.56% and 8.73% from last week. The operating rate at light ends-based producers dropped by 8.73% from last week.
China PE Producers Weekly Operating Rate by Product Type
In terms of product type, LLDPE saw the operating rate down 8% from March 11 to March 17, and HDPE and LDPE saw the operating rate down 6% and 10% from March 11 to March 17. On a weekly basis, the operating rate of LLDPE, HDPE and LDPE industries dropped by 9.08%, 8.14% and 10.23% respectively from last week. According to data, the operating rate of the LDPE industry saw the largest adjustment.
China PE Producers Weekly Operating Rate by Region
As for regions, the operating rate in Northwest China was the highest. The self-sufficiency of feedstock was high as there were main coal chemical enterprises and PetroChina’s enterprises in this region. The operating rate in Northeast China saw the largest decline of 14%. Compared with last week, the operating rate in Northeast China, Northwest China and North China dropped by 20.21%, 7.46% and 14.04% from last week. The operating rate in South China, East China, Southwest China and Central China dropped by 6.39%, 0.47%, 0.0% and 0.75% respectively from last week.
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