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Insight | Time: May 10 2022 4:06PM  Editor:Amber
China PP production down 5.24% m-o-m in Apr
 
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Capacity and monthly production

In Apr 2022, China PP granule production capacity was 32.785million mt/year, as no new plants had started commercial production during the month.

 

China domestic production was assessed around 2.3915 million mt, up 5.17% on the year, but down 5.24% month-on-month. 


Unit (kt) Homo PP raffia low-MFR co PP Total
Apr-22 860.0 189.6 2391.5
Y-o-y growth -2.20% -24.25% 5.17%
M-o-m growth -3.06% -30.92% -5.24%

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Production proportion

The production proportion of Homo PP injection and homo PP fiber had increased. The overall operating rate declined.



Homo PP raffia Homo PP injection Homo PP fiber Co PP injection BOPP CPP Pipe grade Specialty grade Closed
Mar-22 29.45% 12.90% 8.35% 9.11% 5.06% 2.84% 3.20% 12.84% 16.22%
Apr-22 29.12% 13.85% 10.43% 6.49% 4.97% 1.97% 2.74% 11.33% 19.09%
Change m-o-m -0.33% 0.95% 2.08% -2.62% -0.09% -0.87% -0.46% -1.51% 2.87%

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Source: CCFGroup 



[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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