Ethylene output affected by Sinopec's decision to divert resources to increase fuel output

In a move to boost production of refined oil products and ensure domestic fuel supplies, Sinopec will continue to cut ethylene output in July. Besides, Sinopec has halted operations of an ethylene unit in its Shanghai Petrochemical Company and all of its Dongfang Ethylene, and delayed the restart of Zhongyuan Ethylene. Maintenance work will continue for two cracking furnaces of the second ethylene unit at its Maoming refinery that had been under repairs due to a fire last month.