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China PP Import and Export Volumes Both Decline Month-on-Month in May 2026
In might 2026, my country's exports of polypropylene in primary forms fell by 14.35% month-on-month; weak overseas demand caused supplies originally intended to export to flow back into the domestic market, thereby growing domestic supply. Imports declined by 24.66% month-on-month, indicating a reduction in the inflow of overseas material; however, the decrease in imports was outweighed by the increase in supply resulting from the return of export volumes, leading to a marginally looser overall supply-demand stability. Reflecting the latest market trends, the main polypropylene futures contract (2609) closed down by 151 yuan/tonne on June 22, 2026. With open interest rising and the market showing weakness, this research exerts a moderately bearish affect on polypropylene prices.
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