China PE market to face capacity onslaught and demand off-season

China's PE market will see a concentrated wave of new capacity launches in the third quarter of the year, the traditional off-season for downstream demand, and this will drag down PE market prices.

With multiple large-scale polyethylene (PE) projects scheduled to begin operations between August and September, domestic supply pressure is set to intensify in the conventional off-peak season, fueling bearish sentiment and raising the likelihood of a downward price correction. A total of 1.90 million t/y new PE capacity is expected to