[Plastic] A company's PP plant with a production capacity of approximately 750,000 tons/year shuts down unexpectedly!

Attention! A company's PP plant with a production capacity of about 750,000 tons/year shuts down unexpectedly!

It is understood that the polypropylene production unit owned by a Thai manufacturer in Matap was temporarily shut down due to an accident on November 30, 2020.

Domestic terminal demand will continue to exert force before mid-December.

Domestic production capacity of PVC gloves tends to be tight

At present, the domestic production capacity of PVC gloves is in short supply, and orders for some glove companies have been scheduled to the second quarter of 2021.

According to recent survey data, the current gross profit margin of disposable PVC gloves per box (1000 pcs/box) is about 50-60%, which is much higher than the conventional experience value of 15-30%.

In terms of raw materials, octanol will continue to maintain tight supply in mid-to-early December.

Starting from late December until the year before, Xiaoba expects that the domestic market will reverse the long-short atmosphere, and the plasticizer industry chain spot will be adjusted sideways after falling from a high level, but the adjustment range is expected to still be higher than the previous box range.

At present, the overall operating rate of other PVC downstream products is at a high level, and the operating load is as high as 80% to 90%.

In mid-to-late December, the domestic raw material octanol supply will return to normal levels.

In terms of large raw material propylene, the market has heard that South Korea’s LOTTE Chemical plans to restart the cracking unit in mid-to-early December.

(Keyword: PP)