PE: production capacity bright sword peak season dismantling

2020 is a big year for polyolefin producti.

Company Name	device type	Capacity (10,000 tons/year)	production time
Zhejiang Petrochemical	HDPE	30	Started production in January 2020
full density	45
Hengli (Dalian) Petrochemical	HDPE	40	Started production in February 2020
Polaris LyondellBasell Petrochemicals	LLDPE	45	Started production in August 2020
HDPE	35
Sinochem Quanzhou	HDPE	40	Started production on September 15, 2020
Haiguolongyou Petrochemical	full density	40	end of September 2020
Yantai Wanhua	LDPE	35	end of September 2020
full density	45	test drive
Zhongke (Guangdong) Refining and Chemical	HDPE	40	October 2020
Shaanxi Yanchang China Coal Yulin Phase II	LDPE	30	Test drive on November 20, 2020
total	420

Company name Device type Capacity (10,000 tons/year) Production time Zhejiang Petrochemical HDPE30 has been put into production in January 2020 Full density 45 Hengli (Dalian) Petrochemical HDPE40 has been put into production in February 2020 Bora Lyondell Basel Petrochemical LLDPE45 has been put into production in August 2020 HDPE35 Quanzhou HDPE40 has been put into production on September 15, 2020 Haiguolongyou Petrochemical full density 40 At the end of September 2020 Yantai Wanhua LDPE35 Full density 45 test run at the end of September 2020 Zhongke (Guangdong) Refinery HDPE40 October 2020 Shaanxi Yanchang China Coal Yulin II Period LDPE30November 20, 2020 Commissioning Total 420Company Name Device Type Capacity (10,000 tons/year) Production Time Company Name Device Type Capacity (10,000 tons/year) Production Time Full Density 45 Full Density 45 Hengli (Dalian) Petrochemical HDPE40 has been put into production in February 2020 Hengli (Dalian) Petrochemical HDPE40 has been put into production in February 2020 Polaris LyondellBasell Petrochemical LLDPE45 has been put into production in August 2020 LLDPE45 has been put into production in August 2020 HDPE35HDPE35 has been put into production in Sinochem Quanzhou on September 15, 2020 At the end of the month, Yantai Wanhua LDPE35 At the end of September 2020, Yantai Wanhua LDPE35 At the end of September 2020, in the full density 45 test run, in the full density 45 test run Coal Yulin Phase II LDPE30 Commissioning on November 20, 2020 Shaanxi Yanchang China Coal Yulin Phase II LDPE30 Commissioning on November 20, 2020 Total 420 Total 420

Table 1: 2020 domestic PE plant commissioning schedule

As shown in Table 1, due to many objective reasons such as the epidemic situation and the recovery of production enterprises in the post-epidemic period, only Zhejiang Petrochemical (750,000 tons/year) and Hengli Petrochemical (400,000 tons/year) units were put into production on time in the first half of the ye.

In contrast to the large-scale launch of new production capacity, the low-level maintenance volume and the high-level import volume are relatively l.

Of course, there is no need to panic too mu.

Summary: The game between supply and demand is undoubtedly the focus of the PE market in the fourth quarter, and the performance of upstream costs and the consumption of petrochemical inventories may determine the trend of the mark.