China's PP Inventory Rose W-O-W on Oct 19

China's PP Inventory Rose W-O-W on Oct 19

1. China’s Total PP Inventory Analysis

According to SCI, China’s PP inventory on October 19 increased by 7.79% from October 12. Therein, the PP inventory at major PP producers and trade companies headed up, while that at ports slipped.

2. China’s PP Inventory at Petrochemical Companies Analysis

According to statistics, the PP inventory at major PP producers on October 19 increased by 10.72% W-O-W. The PP market prices dropped, causing a tepid trading atmosphere in the spot PP market. The inventory at PP producers mounted up. The loss volume of PP output caused by maintenance was about 41.4kt during the week ended October 19, down 19.61% W-O-W. The unit at Dalian West Pacific Petrochemical was shut down for maintenance temporarily. There will be no newly added turnarounds plans, so the loss volume of PP output caused by maintenance is supposed to continue decreasing.

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