This month, China’s propylene oxide (PO) production reached 589,000 tons, an increase of 44,000 tons from the previous month (+8.07% MoM), and a year-on-year increase of 16.24%. Industry margins declined compared to earlier periods. Within the month, some units restarted in September achieved stable operation, leading to a notable rise in output. The capacity utilization rate also improved, increasing by 3.16 percentage points compared to September.
| Figure: Monthly PO Production and Capacity Utilization Trend (2025–2026) |
|---|
| Data Source: Chempricehub Information |
Comparison Table of Monthly PO Production and Operating Rate Changes by Enterprise
Unit: 10,000 tons, %, percentage points
| Metric Name | Current Period | Previous Period | Change Value | Change Rate |
|---|---|---|---|---|
| Domestic Production | 58.9 | 54.5 | 4.40 | 8.07% |
| Capacity Utilization Rate | 71.05% | 67.89% | +3.16 pp | — |
Data Source: Chempricehub Information
Sample Description: Data collected from 32 domestic PO enterprises, achieving 100% coverage.
Definitions: Propylene oxide production refers to the quantity of products meeting quality standards actually produced daily by PO enterprises. This figure is derived through theoretical calculation based on enterprise operating loads. Capacity utilization rate indicates the degree to which an enterprise’s capacity is utilized, generally calculated as the ratio of product output or raw material processing volume to effective capacity. Monthly PO capacity utilization rate = Monthly PO production / Monthly PO capacity.
Statistical Scope: The statistical period is the calendar month. Release time is within the last three working days of the month.
| Region | Enterprise Name | Capacity (10,000 tons/year) | Unit Status |
|---|---|---|---|
| Northeast | Hangjin Technology | 12 | Units operating at full load normally |
| North China | Tianjin Bohua | 20 | Units operating at 70% load |
| Tianjin Petrochemical | 15 | Units operating at 70% load | |
| Shandong | Shandong Binhua | 28 | Overall operating at 80–90% load |
| Shandong Xinyue | 38 | Units restarted this week, gradually ramping up | |
| Shida Shenghua | 7 | Units operating at full load normally | |
| Wanhua Chemical | 134 | Phases I, II, and III operating at full load; Phase IV operating at approx. 60% load | |
| Shandong Jinling | 16 | Units operating at full load normally | |
| Shandong Sanyue | 32 | Units operating at slightly reduced load | |
| Dongying Huatai | 8 | Units operating at full load normally | |
| Zhonghai Fine Chemicals | 8 | Units restarted, currently operating at 70% load | |
| Shandong Daze | 10 | Units shut down, restart time TBD | |
| Qixiang Tengda | 30 | Shut down since Aug 7, 2024; restart plan temporarily postponed | |
| Jincheng Petrochemical | 30 | Shut down since Jul 17, 2023; restart time TBD | |
| Lihuayi Weiyuan | 30 | Units operating at 80–90% load | |
| Binhua New Materials | 24 | Operating at approx. 80–90% load | |
| East China | Jinling Huntsman | 24 | Operating at full load normally |
| Ningbo Haian | 57 | Phases I and II operating at full load normally | |
| Hongbaoli | 12 | Units shut down, restart time TBD | |
| Jiangsu Fuqiang | 10 | Units shut down, restart time TBD | |
| Taixing Yida | 15 | Units shut down since end of Dec 2024; restart time TBD | |
| Jiahong New Materials | 40 | Units shut down, restart time TBD | |
| Zhejiang Petrochemical | 27 | Operating at approx. 70% load | |
| Ruiheng New Materials | 40 | Operating at approx. 80–90% load | |
| Shenghong Petrochemical | 20 | Units operating at 80% load | |
| South China | CNOOC Shell | 59 | Units operating at full load |
| Sinopec Quanzhou | 20 | Operating at approx. 80% load | |
| Central China | Sinopec Changling | 10 | Units operating normally |
| Total | 776 |
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