PP and LLDPE 2701 contracts on the Dalian Commodity Exchange (DCE) extended their rally through the morning session after the Golden Week reopening. Homo-PP yarn offers across China now sit firmly in five digits, and market players report no offers below the CNY 10,000/ton threshold this week.
A major Thai producer has issued its third consecutive weekly price reduction across PE grades destined for Indonesia, as intensifying competition from regional sellers and the sequential restart of PE capacity dismantle the producer’s pricing leverage.