Polyolefin Units’ Turnaround Concentrated in Southeast Asia

SCI99

2019-10-29

导读：Polyolefin Units’ Turnaround Concentrated in Southeast Asia

Polyolefin Units’ Turnaround Concentrated in Southeast Asia

The turnaround plans of polyolefin units at foreign producers from October to November 2019 were shown in above table. The turnaround mainly concentrated in Southeast Asia. In the Middle East, there was no turnaround plan temporarily. The overall supply of polyolefin was stable in foreign countries, which didn’t impact China’s polyolefin market a lot.

In China, the import volume of PP from Vietnam and Oman was 14.1kt and 5.6kt respectively in August 2019, which mostly belonged to homo PP. According to SCI, Oman has suspended its quotations to China, which will recover in end-November. The dealing price of PP raffia materials from NSRP in Vietnam was about $1,020/mt, equivalent to RMB 8,300/mt. In China, mainstream price of PP in the second circulation market hovered around RMB 8,450-8,650/mt.

SCI estimates that the turnaround of foreign units from October to November will cause a decline of 20-30kt in import volume, which will be offset by resources from Russia and India.