New capacity and weak demand to undermine Q1 HDPE market

China's HDPE industry is set to bring 2.55 million tonnes/year of new capacity online in 2026. January HDPE output is expected to rise 3.77% month-on-month and 15.79% year-on-year to 1.307 million tonnes.

In 2026, China's HDPE industry is expected to add 2.55 million tonnes/year of new capacity. However, weak demand and built-up supply pressure will weigh on HDPE prices. China New HDPE Capacity Schedule in 2026 (Unit: '000 t/y) Source: OilChem Notably, HDPE new capacity will be largely concentrated in the second half of