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Reasons back CPL price trend
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Reasons back CPL price trend

Views:1     Author:Site Editor     Publish Time: 2019-09-11      Origin:Site

1. CPL plant turnarounds
Frequent plant turnarounds or accidental shutdown in August 2019 had caused unstable supply of CPL, and prices were mainly waving around this topic. Below table shows CPL plant turnarounds in August 2019.

CompanyProductCapacity (kt/year)Operation status
RisunCPL50Expanded capacity by 50kt/year since Aug 1
Baling HengyiCPL100Started up new production line in early Aug, but ran unstably
EversunCPL200Shut for one week since Aug 7
YangmeiCPL200Shut for turnaround during Aug 10-28
Haili ShandongCPL200Shut accidentally due to typhoon on Aug 12, restarted on Aug 20 but ran at low rate, recovered till Aug 26
Luxi ChemicalCPL100Shut for technical glitch on Aug 15, the other 200kt/year line lowered run rate
RisunCPL150Lowered run rate due to typhoon to 60-70% for 10 days since Aug 15
JuhuaCPL100Shut for 3-4 days turnaround on Aug 16
Shijiazhuang RefineryCPL100Lowered run rate to 90-95% due to feedstock supply since Aug 2

The average run rate of CPL plants had once dropped below 70% for around 5 weeks, causing market supply tight in the market for a certain period of time. And prices in North China appeared firmer as local producers had more frequent operational changes.


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