Pre-Holiday Stockpiling Falls Short of Expectations; Propylene Remains in High-Level Consolidation (Sep 25–30, 2026)

Key Market Focus This Week

1. Plant Operations:

a. Fujian Meide’s (Phase II) 1 million tons/year PDH unit shut down on September 25, with the restart date yet to be determined.

b. Quanzhou Guoheng’s 660,000 tons/year PDH unit shut down on September 25, with the restart date yet to be determined.

2. Production: Propylene production this week totaled 1.123 million tons, representing a week-over-week decrease of 22,000 tons.

3. Profit: The average weekly profit for PDH was 1,141 yuan/ton, a decline of 45 yuan/ton compared to the previous week.

Weekly Market Analysis