Unipetrol said on Tuesday it would shut down its ethylene unit on Tuesday evening for a repair. According to the company’s statement, this short-term shutdown will not affect the downstream polyethylene and polypropylene production processes. The shutdown would not take more than five days. Our view: Since the PE and PP production is not hurt we believe the financial impact from the above mentioned shutdown will be minor. Therefore we expect to see neutral market reaction to the news.