National Day celebrations to weigh on Chinese petrochemical imports
Chemical spot prices increased in September amid restocking ahead of National Day
China will be celebrating its 70th founding anniversary in the first week of October. Mandated production curbs and logistic restrictions have been put in place to ensure safety and reduce pollution, reported ICIS. Petrochemical factories near Beijing have either lowered their operating rates or closed ahead of the national day holiday. Chinese demand for petrochemicals is likely to be muted during this period as production falls, weighing on imports into the country.