PetroChina's Dalian PC plant extends shutdown of wax unit.

摘要

As regional wax demand has plummeted because of coronavirus-related lockdowns, PetroChina will keep 20% of the 410K-b/d Dalian PC plant's capacity, including the wax unit, offline after a turnaround that began at the end of May was completed. Lockdown measures in Japan, South Korea, and Thailand have cut into demand in the candles market, which typically peaks at this time of the year. In addition, the facility's exports of fully-refined paraffin wax-with oil content less than 0.75%-decline from 68K mt in March to 33K mt in May. In addition, weak demand has caused storage tanks to reach capacity and export prices to be cut.