NEWS
ECONOMY   Petrochemical  

SP Chemical attains on-spec ethylene at Taixing cracker

Chinese producer SP Chemical has achieved on-specification ethylene production at its Taixing 700,000 t/yr LPG-based cracker.

The plant in east China's Jiangsu province produced on-specification ethylene last week, ahead of schedule by nearly a week from its original plan. Trial runs started earlier in August with the producer feeding in propane as the feedstock.

Production has still not stabilized, with SP Chemical declining to reveal the exact current operating rates at the cracker.

Spot ethylene offers to local customers are expected from SP Chemical from September as production should become stable in the coming weeks. The producer is also planning to feed a mix of ethane and propane in September, which should boost ethylene output as well as support production overall.

Its purchases of ethane from the US have been a challenge because of the continuing and escalating US-China trade war.

The new cracker is also able to produce 244,000 t/yr of propylene. Ethylene produced at the cracker will be used at its downstream 320,000 t/yr styrene monomer and 360,000 t/yr ethylene dichloride plants. Propylene produced at the new plant will be all for merchant sale.

Ethylene spot prices in China remained mostly weak for the second consecutive week with deals and discussions in a $880-910/t cfr range, down by $20/t from last week. Supplies in southeast Asia, South Korea and Taiwan continue to be tight.

News No: 6215
Date: 2019/08/28 - 19:50
News Source: Argus Media

SP Chemical  Taixing cracker  Chinese  China  trade war 

Comments:

Leave a Comment:

   
   
   
 

Eastern India Pellet Maker Concludes 50,000 MT Export Deal to China

Indian pellet export market has gained some movement after observing a week's silence. According to market sources reported to SteelMint, an east India based pellet maker has concluded pellet export deal to China for 50,000 MT pellet (Fe 64%, and 3% Al).
 

China: Chrome Ore Prices remain stable W-o-W

The price of chrome ore from both overseas and the Chinese market remained stable. Affected by the Indonesian government's ban on the export of nickel ore, the LME nickel has surged, which has pushed up the price of stainless steel.
 

Escalating U.S.-China trade war, a blessing in disguise for Iran’s oil industry?!

The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "crude oil" on its tariff list.
 

China’s CATL becomes Pilbara Minerals’ knight in shiny armour

China’s largest lithium battery maker has bought an 8.5% stake in Australian miner Pilbara Minerals (ASX:PLS), both companies said on Thursday, after falling prices caused mainly by oversupply drove the lithium producer to raise equity to fund working capital.
 

Sentiment lifts in Indonesian low-CV coal market

Further signs began to emerge that low-calorific value (CV) Indonesian coal prices could be starting to firm, with bids emerging at slightly higher levels than yesterday.
 

Zinc sentiment staring into the bear pit

Where are zinc prices headed? It’s a question that brings distinctly different opinions and forecasts from the bullish and bearish camps.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners