Episode 719: Think Tank: China moves to polypropylene self-sufficiency, scramble for market share globally

ICIS - chemical podcasts

English - December 07, 2021 00:00 - 16 minutes - 22.7 MB
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Previous Episode: Episode 718: China's BD supply growth to outpace demand

Next Episode: Episode 720: PODCAST: GCC eyes stronger PP demand in 2022

China may become self-sufficient in polypropylene (PP) from 2022, raising the prospect of a scramble for market share globally and possible price war.

- China will become self-sufficient in PP from 2022

- China PP demand will grow by 3% in 2022, capacity by 11%

- For 2020 China had net PP imports of 6.1m tonnes

- As China becomes exporter, expect battle for market share, possible price war

- International Energy Agency report shows Europe, China driving surge in renewable power

- Renewables will form 95% of new electricity additions from now until 2026

- By 2026 renewables will equal fossil fuel for power generation

- Transition from world scale to local chemical production will be a huge challenge