Yulong Petchem's operation of LDPE unit brings oversupply

China's LDPE supply increased further in late January, stemming from the operation of Yulong Petrochemical's LDPE unit jointly with the recovery of previously off-line units, and this caused drops in LDPE prices.

The supply of low-density polyethylene (LDPE) intensified further in late January in line with the operation of Yulong Petrochemical's LDPE unit jointly with the recovery of previously off-line units, and this caused drops in LDPE prices. Yulong Petrochemical in Yantai, Shandong put its 300,000 t/y LDPE/EVA unit into operation recently