Middle East turmoil shifts China's PP market from glut to deficit

Source: Mysteel Jun 08, 2026 16:07

A sudden escalation of the Middle East conflict has upended China's PP market, rapidly transforming a historic oversupply into a supply-demand deficit of 1.40 million tonnes in 2026, the first such shortfall in years.

A sudden escalation of geopolitical tensions in the Middle East has severely disrupted polypropylene (PP) feedstock supply, reversing China's long-standing market surplus into a tight balance, and even temporary shortages. 2025-2030 China PP Supply-Demand Balance (Unit: '000 tonnes) Source: OilChem China's PP industry has been struggling with overcapacity as capacity expansions outpaced

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