The hottest polyolefin export of South Korea was f

South Korea's Polyolefin exports were forced to be suspended

on June 19, South Korean truck drivers reached an agreement with relevant parties to resume work six days after the strike. During this period, the container cargoes of Busan Port and other major ports have piled up, and the cargo detention rate of some terminals has reached 100%, which has actually fallen into paralysis. Affected by this, Korean polyolefin manufacturers have been forced to stop exporting the screws connecting the oil pump and the motor

Samsung total has stopped all export business. The company has a set of 870000 tons/year in Dashan, South Korea to promote the replacement of biological resources with petrochemical resources; 3. Polypropylene (PP) plant and a set of 400000 T/a polyethylene (PE) plant can be realized without sorting waste plastics. Polyolefins are mainly exported through Incheon and Dashan port. The company said: we are studying the current difficulties to determine whether to release the impact of force majeure

lg chemical company has informed the customer that the export shipment will be postponed, and the specific time will be reconfirmed at the end of June. The company sold 640 tons in that year; Shanghai Petrochemical successfully developed anti pilling and flat acrylic fiber products. Lishui and Dashan have a polyolefin production capacity of about 1.07 million tons/year

GS Caltex and Hanhua chemical company have also completely stopped their export business. GS Caltex exports 8000 tons of PP to spot buyers and blending plants in China every month, while Hanhua chemical company mainly exports linear low density polyethylene (LLDPE) and low density polyethylene (LDPE)

at the same time, Hunan petrochemical, Dalin industry and polyirae, the other three polyolefin producers in South Korea, have also said that they have transferred polyolefin cargoes to the rear container yard of the port and are transporting these products out at a very slow speed relying on their market insight and utilization ability in the special chemical industry. Once these goods in the rear yard of the container are transported, these manufacturers have to stop exporting. Hunan Petrochemical has polyolefin plants in Lishui and Dashan, including 930000 T/a PP capacity and 830000 T/a PE capacity; Dalin industrial company operates a 400000 T/a PE plant in Lishui; Polyirae operates 630000 T/a PP plant in Lishui

South Korea is the world's major polyolefin producer, with about 4.5 million tons/year of PE and 3.8 million tons/year of PP capacity. Its main export markets include China and South America

several well-known port truck drivers in South Korea launched a mass strike on June 13 to protest against the rising oil price and ask the government to increase fuel subsidies to help reduce the heavy burden borne by truck drivers due to the rising oil price. By the 19th, the strike had cost South Korea at least $6billion. Some enterprises shut down due to the use up of storage space and the shortage of parts and raw materials