China's total PP supply to rise 7.29% in Oct on wave of restarts

China's PP market is expected to see a supply recovery in October, thanks to a wave of unit restarts. However, the supply-demand gap of PP will turn negative in line with strong downstream consumption.

The total supply of polypropylene (PP) is projected to rise by 7.29% month-on-month to 3.53 million tonnes in October. As for output, PP output is forecast to reach 3.30 million tonnes, up 8.90% month-on-month. This recovery follows the conclusion of concentrated maintenance in September, with previously shut-down units gradually