The timing of the incident, coinciding with a similar emergency shutdown at Oriental Energy's Maoming plant, has further heightened market volatility. In response, spot PP and PE prices in Southern China surged
In the first nine months of 2024, domestic PP production met nearly 97% of local consumption, a notable increase from 92% during the same period last year. Should the new plants come online as planned, China may officially transition into a net exporter of PP