{"id":8461,"date":"2025-12-01T14:05:38","date_gmt":"2025-12-01T07:05:38","guid":{"rendered":"https:\/\/abcchem.com\/h2-pc-production-growth-slows-down-on-less-new-capacity-and-weak-demand\/"},"modified":"2026-01-20T11:49:30","modified_gmt":"2026-01-20T04:49:30","slug":"h2-pc-production-growth-slows-down-on-less-new-capacity-and-weak-demand","status":"publish","type":"post","link":"https:\/\/abcchem.com\/vi\/h2-pc-production-growth-slows-down-on-less-new-capacity-and-weak-demand\/","title":{"rendered":"T\u0103ng tr\u01b0\u1edfng s\u1ea3n l\u01b0\u1ee3ng nh\u1ef1a PC trong n\u1eeda cu\u1ed1i n\u0103m ch\u1eadm l\u1ea1i do \u00edt c\u00f4ng su\u1ea5t m\u1edbi v\u00e0 nhu c\u1ea7u suy y\u1ebfu."},"content":{"rendered":"

In the second half of 2025, China’s PC production growth slowed down amid the end of concentrated capacity expansion, as well as dual constraints from weak demand and low costs.<\/p>\n

In H1 2025, the average capacity utilization rate in the PC industry was 81.02%, with average monthly production of 279,000 tonnes, up 10.45% year-on-year. However, H2 saw a stagnation, with the average PC capacity utilization rate from July to October falling 1.90 percentage points year-on-year to 79.09%, and the monthly production rising merely 3.45% year-on-year to 291,000 tonnes.<\/p>\n

China PC Monthly Production & Capacity Utilization Rate, 2024-2025 (Unit: ‘000 tonnes)<\/p>\n

\"\"<\/p>\n

Ngu\u1ed3n: OilChem<\/p>\n

After newly-added PC capacity peaking at 730,000 tonnes\/year in 2022, with a year-on-year rise of 29.55%, new PC capacity fell to 230,000 t\/y in 2023 and 380,000 t\/y in 2024, a year-on-year growth rate of 7.19% and 11.08%, respectively. The slowdown deepened in 2025, with full-year new capacity totaling only 180,000 t\/y, a year-on-year growth of only 4.72%, reaching the lowest rate since 2018.<\/p>\n

Following five years of rapid expansion, China’s PC capacity has completed large-scale accumulation. By the end of 2024, China’s total PC capacity hit 3.81 million t\/y, representing a 15.5% five-year compound annual growth rate (CAGR) from 2019, and its share of global capacity rose to 48%. Nevertheless, the PC industry will usher in a two-year window period of no supply growth, as no new PC capacity will come online from H2 2025 to 2026, and the scheduled 2027 capacity is not expected to start up until H2 that year.<\/p>\n

China New PC Capacity Schedule, 2025-2029 (Unit: ‘000 t\/y)<\/p>\n

\"\"<\/p>\n

Ngu\u1ed3n: OilChem<\/p>\n

Meanwhile, sluggish downstream demand and weak cost support also diminished PC production growth momentum. Most PC downstream industries faced insufficient orders and low operating rates. In addition, BPA (bisphenol A), the core raw material for PC that accounted for 85% of total costs, saw large price declines. As of October 30, the East China BPA price stood at Yuan 7,400\/tonne, 22.31% lower than that at the beginning of the year.<\/p>\n

Against this backdrop, PC enterprises accelerated industry transformation by upgrading technologies and exploring international markets, shifting the sector’s growth focus from scale to quality improvement.<\/p>","protected":false},"excerpt":{"rendered":"

In the second half of 2025, China’s PC production growth slowed down amid the end of concentrated capacity expansion, as<\/p>","protected":false},"author":1,"featured_media":8460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[590],"class_list":["post-8461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-h2-pc-production-growth-slows-down-on-less-new-capacity-and-weak-demand"],"_links":{"self":[{"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/posts\/8461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/comments?post=8461"}],"version-history":[{"count":0,"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/posts\/8461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/media\/8460"}],"wp:attachment":[{"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/media?parent=8461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/categories?post=8461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abcchem.com\/vi\/wp-json\/wp\/v2\/tags?post=8461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}