China‘s Sinopec SABIC Tianjin Petrochemical Cuts Jan LLDPE Output

China’s Sinopec SABIC Tianjin Petrochemical expects to produce only around 26,000 tonnes of linear low density polyethylene (LLDPE) in January, about 13% lower than usual, because of current low product prices, a source close to the company said on Monday.

Its plant, located in northern China, typically produces 30,000 tonnes of the polymer each month, the source said.

The facility has a designed capacity of 300,000 tonnes/year, he said.

Spot LLDPE prices in northern China were assessed at yuan (CNY) 9,400-9,600 (USD 1,490-1,521/tonne) on Monday, according to Chemease.

(mrcplast.com, Edited by Topco)