China to face additional 3.80 mln t/y PP capacity in H2

A substantial wave of 3.80 million tonnes of new PP capacity is projected to hit the market in the second half of the year, which jointly with unit restarts and traditional seasonal lull for downstream demand will exacerbate oversupply risks.

After months of constrained output due to high feedstock costs, polypropylene (PP) market now faces supply shock, as 3.80 million tonnes of new capacity likely to come online in the second half of the year and due to a broad recovery in operating rates together with seasonal lull for