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News Insight & Analysis

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Shenhua Auction: Rebounding DCE futures lift sales, but buyers remain cautious
03 Jul 2026 The stronger auction results nevertheless offered a modest boost to market confidence after recent weakness.
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03 Jul 2026

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China Morning Snapshot - 03 July 2026

The firmer futures prompted domestic sellers to raise offers, although downstream buyers largely stayed on the sidelines ahead of the weekend.
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02 Jul 2026 LL C4 Film PPH Raf

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Shenhua Auction: Plunging crude and local spot discounts paralyse the physical floor

A continued erosion of the Middle East geopolitical risk premium dragged global crude benchmarks to multi-month lows on Thursday, forcing Dalian paper markets into a deeper retreat. The Shenhua physical floor subsequently froze as the producer's unchanged auction baselines collided with aggressive discounting from local spot sellers.
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02 Jul 2026

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Saudi major cuts July PE offers to Vietnam by up to $90/t to reset market floor

Facing four months of absence that allowed Chinese material to entrench itself across one of its key export markets, a major Saudi Arabian producer has moved decisively to reclaim share
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02 Jul 2026 PET Bottle

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Indonesia PET slips again as traders struggle to match import cuts amid a deepening regional downturn

Mirroring the downtrend across the PET industry in China, Indonesia's PET market extended its correction this week, with prices falling even as the rupiah's weakness against the US dollar should have offered some cushion to domestic offers.
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02 Jul 2026 PET Bottle

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China’s PET bottle export offers continue to soften as vanishing geopolitical premiums and seasonal lull erase market floor

The Chinese PET bottle export market extended its downward trajectory this week, marking the ninth consecutive week of price contractions since late April 2026.
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02 Jul 2026

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China PVC extends decline despite production cuts as demand erosion overwhelms supply-side support

Seasonal electricity rationing in Inner Mongolia forced fresh production cuts at carbide-based PVC plants, briefly raising hopes that constrained output might shore up prices.
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02 Jul 2026 LL C4 Film PPH Inj PPH Raf

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China Morning Snapshot - 02 July 2026

Following several days of attempts to stabilise prices, most local sellers offered discounts this morning, with market participants pointing to underlying weakness in fundamentals despite the recent stabilisation push.
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