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China PP production up 2.07% m-o-m in Mar

2022-04-14 08:42:52 CCFGroup

Capacity and monthly production

In Mar 2022, China PP granule production capacity was 32.785million mt/year, as 300kt/year PP plant #3 of Sinopec Zhenhai (ZRCC) and 450kt/year PP plant #2 of Zhejiang Petroleum & Chemical II have been put into production during the month.

China domestic production was assessed around 2.5237 million mt, up 1.63% on the year, and 2.07% month-on-month.

Unit (kt)	Homo PP raffia	low-MFR co PP	Total
Feb-22	887.1	274.4	2523.7
Y-o-y growth	-3.09%	17.12%	1.63%
M-o-m growth	0.11%	-1.19%	2.07%

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Production proportion

The production proportion of CPP had increased. The overall operating rate declined sharply.

	Homo PP raffia	Homo PP injection	Homo PP fiber	Co PP injection	BOPP	CPP	Pipe grade	Specialty grade	Closed
Feb-22	32.78%	13.62%	8.57%	10.27%	6.04%	2.09%	4.00%	14.10%	8.54%
Mar-22	29.45%	12.90%	8.35%	9.11%	5.06%	2.84%	3.20%	12.84%	16.22%
Change m-o-m	-3.33%	-0.72%	-0.22%	-1.16%	-0.98%	0.75%	-0.80%	-1.26%	7.68%

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