Asia: Low demand has caused a drop in LDPE usage in Southeast Asia.# India Reliance plans to close polymer plants at Hazira starting
May 20China's demand is dulled by lockdownsDue to low Eid holiday demand, Asian low-density plastic ethylene
prices were down $70/mt-$90/mt. Sources said that inventories were low and import orders
were not large due to China lockdowns. Sources
said that some downstream PE derivatives have been slowly recovering, especially
in the construction sector. However, they were mainly used for hand-to-mouth
purchases. According to plant news,
Reliance India plans to close its Hazira polymer plants from May 20 to June 20
for annual maintenance. These plants
included a 450,000mt/year high-density/linear low-density polyethylene plant
and a 410,000mt/year propylene plant. Market
sources stated that the outlook for Asian polyethylene and polypropylene
markets was still mixed. This is due...