China polyolefin inventories decline further amid steady demand trends

Combined inventories of polypropylene (PP) and polyethylene (PE) held by China’s leading producers recorded another weekly decline, reflecting ongoing adjustments in supply and demand.

Market sources indicate that total stock levels fell by around 60,000 tons, bringing overall inventories down to approximately 820,000 tons as of April 24. This marks a drop of nearly 7% compared to the previous week.

Industry feedback suggests that demand for PP has been gradually improving, while PE demand continues to lag behind. Buyers are still cautious, with many preferring domestically available material as imported cargoes are considered relatively expensive.

At the same time, export demand remains strong, offering support to the market despite cautious purchasing behavior. Transactions continue to be largely driven by immediate requirements rather than bulk buying, reflecting a balanced but careful market sentiment.

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