Nearly 50% production losses to keep China's Nov propylene supply tight

China's propylene supply is expected to keep tight in November, as the impact of nearly 50% production losses resulting from turnarounds in October will spill over into the November market. Coupled with the favorable downstream demand, domestic propylene prices are anticipated to remain high.

The supply-demand gap of propylene will remain negative in November. Propylene output will stand at 4.95 million tonnes in November. Producers such as Luxi Chemical and Xintai Petrochemical will restart their units, but Jinneng Chemical (Qingdao) and Tianjin Bohua Chemical will undergo maintenance. China's Propylene Output and Capacity Utilization Rate