China’s plastics boom set to create another source of trade tensions

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The Straits Times 2d ago

China’s plastics boom set to create another source of trade tensions - The Straits Times

Quick Summary:

Plants have mushroomed along the country’s eastern coast over the last decade.

The supply spree pushed them to lower runs, under 70 per cent in 2023, and in 2024, at times, they are operating at levels closer to 50 per cent, according to Mr Joey Zhou, an analyst at data intelligence firm ICIS.

And then they can raise the price,” said Ms Vivien Zheng, Asia chemicals analyst with Bloomberg Intelligence, who does not see PDH plants scaling back much further.“Most of the new facilities were installed in the last three or five years,” she said.“They want to endure the down cycle.