Polypropylene capacity projected to reach almost 29m t/y this year / Abundant supply and high demand gives boost to PP prices
The China polypropylene market is witnessing a boom in 2020 despite the havoc brought about by the Covid-19 pandemic. The crisis has led to a drop in global demand amid the lockdowns in many countries. Domestic PP prices in June were at the pre-Covid-19 outbreak level in January despite enormous levels of supply. With the recently greater demand for PP in China, a double-digit growth in downstream demand is expected in 2020 compared to the year before. As planned, the emergence of new plants has given... (11.08.2020)