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Articles by Serena Seng
PetroChina Plans Two-Week Maintenance Shutdown at Urumqi PX Plant — OPIS
PetroChina Plans Two-Week Maintenance Shutdown at Urumqi PX Plant — OPIS PetroChina Urumqi Petrochemical Co is taking its 1 million metric tons per year paraxylene (PX) plant located at Urumqi, Xinjiang offline early next week for routine two-week maintenance, industry sources said. Located on the same site, the company is constructing a new 2 million mt/year downstream purified terephthalic acid (PTA) plant with an estimated completion date in 2027, industry sources added.
Hengli Petrochemical Starts Turnaround at PTA Plant in Huizhou — OPIS
Hengli Petrochemical Starts Turnaround at PTA Plant in Huizhou — OPIS 600346 Hengli Petrochemical took its 2.5 million metric tons per year purified terephthalic acid plant in Huizhou, Guangdong Province, offline on Saturday for a two-week maintenance turnaround, industry sources said. The company has another 2.5 million mt/year PTA plant at the same site, currently operating at full capacity.
Sinopec April Paraxylene CP Up Amid Stable Demand — OPIS
Sinopec April Paraxylene CP Up Amid Stable Demand — OPIS 600028 China's Sinopec has finalized its paraxylene contract price for April at 9,765 yuan/mt ($1,429.84), up marginally by 0.15% from its March CP settlement, industry sources said on Monday. The company initially nominated its April CP at 9,700 yuan/mt, a 50 yuan/mt decrease from the March settlement.
Hengli Petrochemical Takes 2.5 million Mt/year Dalian PTA Plant Offline for Maintenance — OPIS
Hengli Petrochemical Takes 2.5 million Mt/year Dalian PTA Plant Offline for Maintenance — OPIS 600346 China's Hengli Petrochemical has taken its 2.5 million metric tons per year purified terephthalic acid or PTA plant in Dalian offline for maintenance with an undetermined restart date, industry sources said. The company's three other 2.2 million mt/year plants and another 2.5 million mt/year plant at the same site remain operational, sources added.
Sinopec's March Paraxylene CP Settles 32% Higher on Tight Supply — OPIS
600028 China's Sinopec has finalized its paraxylene contract price for March at 9,750 yuan ($1,416.71) per metric ton, up 32% from its February CP settlement, industry sources said on Monday. After initially nominating its March CP at 7,600 yuan/mt, the company implemented a series of price adjustments throughout the month to navigate shifting market dynamics.
Sinopec Raises Toluene Prices by 7% Amid Mounting Supply Pressure — OPIS
Sinopec Raises Toluene Prices by 7% Amid Mounting Supply Pressure — OPIS 600028 Sinopec has raised its east China toluene list price by 6.7% or 500 yuan ($87.20) per metric ton to 8,000 yuan/mt ex-warehouse on March 23, industry sources said. This marks the company's 10th price adjustment in March, which has seen the highest number of price revisions in a single month so far. The current list price is equivalent to $907.28/mt CFR China on an import parity basis.
Asia petrochemicals outlook, w/c Sep 3
Asia petrochemical prices are expected to remain mixed this week amid tighter supply of MEG and PTA, which is expected to continue to support price gains in the upstream paraxylene market. Meanwhile, olefins markets are expected to remain bearish amid a supply glut. The Asian ethylene market is seen set to remain bearish this week, pressured by rising supplies, notably from Southeast Asia.
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