China PP powder capacity utilization rate down 2.22% week-on-week

China's PP powder market remains stalemated with tight supply and weak demand. According to OilChem, capacity utilization rate fell 2.22% week-on-week to 30.29%, supporting prices but weak orders limit upside. Low-load operations constrain supply, while squeezed profits dampen demand. Monitor propylene prices and downstream operating rates.

This week, China's domestic PP powder market remained in a stalementate with tight supply and weak demand. According to OilChem data, as of January 19th, domestic PP powder capacity utilization rate stood at 30.29%, down 2.22% from the previous week and 8.64% from the beginning of the month. China PP Powder