China PP output to up 6.89% MoM in May

Source: Mysteel May 07, 2026 16:11

OilChem forecasts China's May PP output to rise 6.89% MoM to 3.015 mln tonnes, with capacity utilization rate recovering to 65.94% from April's 63.75%. Planned maintenance loss drops 9.38% MoM to 1.1127 mln tonnes, and no new capacity is added, signaling a gradual supply recovery. However, high cost pressures cut oil-based and PDH utilization, while coal-based and purchased-propylene routes gain. Traders should watch maintenance execution under high-profit conditions and potential market support from renewed supply tightening.

OilChem data shows, in May, China polypropylene (PP) capacity utilization rate is expected to rise by 2.19 percentage points to 65.94%, and output is forecast to increase by 6.89% month-on-month to 3.015 million tonnes, indicating a gradual recovery in supply. The second quarter is a traditional maintenance peak season for