PODCAST: China’s PP capacity to expand in 2023, facing uncertainties due to policies and economy
SINGAPORE (ICIS)–In 2023, China’s PP production capacity will continue to increase whereas the domestic demand is uncertain.
At the same time, under the expectation of slowing global economic growth, the export market may continue to be restricted, and the import volumes will likely continue to decrease.
In this podcast, Zhibo Xiao, ICIS polypropylene market analyst, will discuss polypropylene market in China.
- China’s PP production capacity to continue to expand in 2023, the pressure of supply side to increase
- The sluggish outlook for the world economy and the Chinese government’s anti-COVID-19 policies bring uncertainty to the demand side
- China’s PP exports may continue to be restricted, the import volume may decrease with the increase of self-sufficiency rate
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