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[Market information]：A number of propylene manufacturers, plastic giant centralized maintenance

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Recently, several propylene manufacturers in South Korea have spread the news of centralized maintenance, involving many chemical industry giants.

Due to equipment problems, LG Chemical plans to restart its Dashan base cracking unit (1.27 million tons of ethylene and 700,000 tons of propylene) around the 23rd of this month. The unit will be stopped for overhaul on the 29th of this month.

In addition, two of South Korea's three PDH operators will be suspended in November and December.

11 On the 17th, Xiaoxing closed the 300,000-ton-per-year No. 2 PDH plant in Ulsan for a month-long planned overhaul.

SK Advanced plans to suspend production of 600,000 tons of PDH plant in Ulsan until early February 2022 from December 23 to 24. The company originally planned to stop production in the first quarter of 2022, but due to the possible increase in the price of propane, the raw material in winter, causing profit-related problems, the company has advanced the maintenance plan, and its supporting 400,000 tons/year polypropylene plant will also be closed at the same time, but the exact date is unknown.

This winter's centralized maintenance, refinery production reduction, strong gasoline utilization rate and the start of new downstream projects are expected to experience a propylene shortage by the end of 2021, but due to the domestic propylene supply is sufficient, and downstream purchase sentiment is not strong enough, the current domestic impact is not big.

In addition, since 17 11, European Bosu Chemical (Wanhua Chemical Subsidiary) MDI units with a capacity of 350,000 tons/year due to technical force majeure issues affecting MDI series product supply are currently being fully resolved, and the recovery time is further notified. Bosu Chemical is one of the major producers of MDI, TDI and other special chemicals in Central and Eastern Europe.

Earlier, Wanhua Chemical just announced on November 11 that Ningbo subsidiary's MDI Phase I unit (400,000 tons/year) and Phase II unit (800,000 tons/year) would be shut down for maintenance for 45 days!

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