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China PP production down 2.54% m-o-m in Jun

2022-07-27 08:45:55 CCFGroup

Capacity and monthly production

In Jun 2022, China PP granule production capacity was 33.085million mt/year, as the 300kt/year PP plant of Tianjin bohai chemical I has been commenced in Jun.

China domestic production was assessed around 2.4150 million mt, down 0.74% on the year, but down 2.54% month-on-month.

Unit (kt)	Homo PP raffia	low-MFR co PP	Total
Jun-22	824.6	272.8	2415.0
Y-o-y growth	-4.47%	-11.04%	-0.74%
M-o-m growth	4.03%	20.59%	-2.54%

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Production proportion

The production proportion of Homo PP raffia, Co PP injection and BOPP had increased. The overall operating rate inched up.

	Homo PP raffia	Homo PP injection	Homo PP fiber	Co PP injection	BOPP	CPP	Pipe grade	Specialty grade	Closed
May-22	25.97%	13.13%	9.51%	7.41%	6.04%	2.40%	2.94%	13.79%	18.81%
Jun-22	27.87%	12.64%	8.62%	9.22%	6.37%	2.10%	2.72%	12.08%	18.38%
Change m-o-m	1.90%	-0.49%	-0.89%	1.81%	0.33%	-0.30%	-0.22%	-1.71%	-0.43%

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