SMM Analysis Of China DMC Production In May And Forecast For June

According to SMM statistics, China's DMC production in May reached 207,500 mt, up 11.38% MoM. The industry's operating rate for May was 79.81%. The main reason for the production increase is the recent release of new capacity in China, with no new maintenance and production cuts planned, and the operating rate of monomer enterprises continues to rise. For the production forecast in June, SMM expects a continued slight increase, as new capacity will still be released in June, and the capacity put into operation in Q2 will also reach full production, leading to an increase in supply.