the production cut of petrochemical plants under high cost pressure

Recently, more and more plants shut for maintenance, some shut on schedule, and some shut accidentally. The overall operating rate of PP once again dropped to a low level, currently close to 80%, and it is not difficult to find that it is already a low point of the year. Meanwhile, the overall operating rate of PP in 2022 is generally lower than that of the same period last year, which is closely related to the production cut of petrochemical plants under high cost pressure