China’s polyolefin stocks drop sharply, falling below 800,000 tons
Combined stocks of polypropylene (PP) and polyethylene (PE) decreased by 90,000 tons, bringing total inventory levels down to around 750,000 tons as of April 30. This represents a drop of nearly 11% compared to the previous week.
Market participants attributed the decline to stronger downstream demand, as buyers stepped in amid expectations that ongoing volatility in crude oil prices could influence olefins and polyolefin pricing. Additionally, pre-holiday restocking supported purchasing activity during the week, contributing to the noticeable reduction in inventories.
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