Insight
China’s polyolefin market performance under new wave of COVID
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Report summary
China began to withdraw from its zero-COVID policy from December 2022. This was expected to bring an economic boost and set up a stronger outlook for 2023. However, the country has now been struck by a large wave of COVID cases and the outlook is less certain. These developments are set to impact polyolefins demand in China, leading to a weaker near-term outlook and a recovery later this year. In this insight the Wood Mackenzie's Polyolefins team have considered the impact of a resurgence of Covid-19 and the changing scope of restrictions against the current outlook for China.
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