China new PP capacity to plunge to 60% of initial target in 2026

Based on the latest project construction progress and feedstock cost conditions, only 4.25 million t/y of effectively PP capacity will be seen within the year, an overall commissioning rate of just 60% versus the early-year estimations.

Persistent geopolitical conflicts in the Middle East throughout 2026 have continued to disrupt global energy supply chains, causing volatile fluctuations in feedstock prices for crude oil, propane, and naphtha. This instability significantly delayed the commissioning of new polypropylene (PP) capacity in China. According to initial industry estimates at the start