China's Hengli Petrochemical is starting up today its 2.5mn t/yr No.4 purified terephthalic acid (PTA) unit at Dalian.
Feedstock paraxylene (PX) has been fed into one of the two production trains at the new unit, with Hengli targeting to achieve on-specification product in one or two days. The second train will also come on stream in one or two weeks if the first train operates smoothly.
This No.4 PTA unit started construction in late 2018 and will operate along with the existing three units at Dalian.
Hengli will operate 9.1mn t/yr of PTA capacity with the start-up of the No.4 unit. The 2.5mn t/yr No.5 PTA unit is also being built and plans to start up in May this year.
Paraxylene producers linked to the Asia contract price (ACP) have submitted their offers for the March benchmark price.
A new report shows that Iran’s production of chemical and petrochemical items have posted a 1.9 percent increase in the first 10 months of the current local calendar year (March 21, 2019 –January 20, 2020), indicating that Tehran has overpowered Washington’s pressures.
The rapidly spreading coronavirus outbreak in South Korea is forcing airlines to cut more flights and leading to a downward revision in economic forecasts for the country, a major regional importer of crude and exporter of oil products and petrochemicals.
South Korea's LG Chemical has slashed operating rates at its 170,000 t/yr Daesan-based styrene monomer (SM) unit by 30pc since last week because of weaker demand and persistently negative production margins.
Adds upated case tally in paragraph 5; details of more flight cuts, steel plant closure in paragraphs 7-8
China's transport sector is continuing to resume operations amid signs the country's coronavirus outbreak is slowing. But activity remains significantly below normal levels.