PA66 capacity utilization rate is set to drop below 60% in June, down from 63% in late May, says OilChem. Losses (theoretical Yuan 1,188/t) and weak demand drive the decline. Rising inventories and soft HMD costs (Invista cut June offer by Yuan 700/t) will pressure prices. Watch upstream plant maint

OilChem sees June propylene price down to Yuan 9,100/t in Shandong as supply surplus widens to 110,000 tonnes. Supply recovery and weak demand pressure prices. Monitor PDH restarts and feedstock costs.

The latest China-U.S. summit did not fundamentally alter the structure of bilateral competition, but it did clarify how energy, refining and industrial supply chains are likely to feature in the next phase of negotiations between the two sides.

China's metallurgical coke market is expected to remain strong in June, supported by higher coal costs, possible coke production curtailments and robust demand from steel mills, Mysteel's latest monthly report predicts.

Affected by conflicts in the Middle East, China's polypropylene (PP) imports fell while exports rose sharply in April 2026, turning the country from a net PP importer into a net exporter.