Asia
LLDPE: Low inventories cause slight rise- US
exports will increase to Asia in 2023: traders- Two
LLDPE lines are shut down by Saudi's Eastern PetrochemicalSources said that Asian linear low -density
ethylene was slightly higher in the week to November 30 due to low inventories.
Many buyers remain cautious for months ahead of procurements because of
uncertain macroeconomic conditions. According to plant news, Saudi
Arabia's Eastern Petrochemical kept two of its two linear high -density
lines at Al -Jubail, each with a production capacity of
375,000mt/year, closed since mid -November, for month -long
maintenance. The source said that the company's third LLDPE line, with a
capacity for 400,000 mt/year, and a 400,000 -mt/year HDPE facility,
will still be in operation during maintenance. SPDC and SABIC own the
SHARQ plant, with each contributing 50%. According to sources, this could
lead...