Market participants said on July 27 that continued high temperatures in Europe are affecting the operating rates of crackers and refineries in the region, and some local crackers are forced to reduce production.
Some cracker operators in Europe say they have been forced to run down because of the hot weather and the problem of raw materials and products entering the factory. In the past two or three weeks, the continuous high temperature and dry weather in Europe has caused the production of crackers and refineries. Impact, resulting in delayed device restart, and at least 3 production unplanned outages.
Market participants said that under normal circumstances, the supply and demand of the European ethylene market in the summer is basically balanced, and there may even be excesses, but this year's situation has changed. Various production problems caused by high temperature and dry weather have caused ethylene production to decline, resulting in the current market supply. tension.
Since the beginning of this year, the European propylene market has experienced a three-stage period of balance between supply and demand, tight supply and tight supply. The market originally expected that the tight supply situation in the summer months will be alleviated, but the sudden high temperature and dry weather directly affects crackers and refineries. The normal operation, the reduction of propylene production, the market supply is still tight.