China's Propylene Operating Rate Drops to 65% in April

Middle East conflict has driven divergence in China's propylene unit operating rates. Naphtha cracking and PDH units saw declines, while MTO rates rose. The composite operating rate fell to 66.97% as of April 15, down 6.70 percentage points from pre-conflict levels, and is expected to drop further to around 65% in April.

Ongoing Middle East conflict continues to disrupt China's propylene supply. As of April 15, the industry's composite operating rate fell to 66.97%, down 6.70 percentage points from the pre-conflict level (February 28). Naphtha cracking and PDH units have become the epicenter of supply risks, while methanol-to-olefins (MTO) units rose