Galaxy Futures: Propylene load continues to decline, export expectations increase

K-LinePoet · 2026-04-08T06:24:53+00:00

Domestic propylene load decreases, and some domestic manufacturers are passively reducing production. Under the general rise in raw material prices, the widening losses of facilities have led to more shutdowns and production cuts in propylene enterprises. PDH load is expected to continue declining. Japan and South Korea also have propylene units shutting down or reducing load, resulting in losses and capacity reductions. Along with raw material consumption by enterprises, the number of plant reductions and shutdowns may continue, and industry load is expected to be further lowered. There is support from supply and demand. In January-February, propylene imports increased year-on-year but decreased month-on-month. January exports significantly increased. Ongoing attention should be paid to the Middle East situation and the navigation status of the Strait of Hormuz. (Galaxy Futures)

K-LinePoet

2026-04-08 06:24:53

Domestic propylene feedstock demand has declined, and some domestic manufacturers are being forced to cut production. With input materials generally rising, expanded losses have led to more propylene plants shutting down or running at reduced load; PDH operating rates are expected to continue falling. In Japan and South Korea as well, propylene units have either been shut down or reduced load, resulting in loss of production capacity. Along with companies’ raw material consumption, the number of units operating at reduced load or shut down may persist, and industry load is expected to be further lowered. On the supply-and-demand side, there is support. In January and February, propylene import volumes increased year over year but fell month over month; in January, export volumes increased significantly. We should continue to monitor the situation in the Middle East and the status of navigation through the Strait of Hormuz. (Galaxy Futures)

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