China's Sep PE supply growth to remain low at 2.62% MoM

China's PE supply is expected to increase in September, thanks to the restart of existing units and a modest rebound in imports. However, the absence of new capacity and still-high maintenance losses will jointly limit the overall supply increase.

The total supply of polyethylene (PE) will settle at around 3.47 million tonnes in September, inching up by 2.62% month-on-month. Specifically, the September output will only rise by 40,000 tonnes to 2.85 million tonnes, and the September PE imports will edge up by 7.85% month-on-month to 618,000 tonnes. In September,