A sudden weekend reversal in geopolitical ceasefire optimism triggered a crude oil rebound on Monday, immediately firming Dalian paper markets and sparking a massive replenishment wave across Shenhua's physical auction as buyers rushed to lock in competitive baselines ahead of domestic spot hikes.
The domestic major producer raised its LLDPE prices slightly to halt a three-month decline. However, it enacted sharp, triple-digit cuts across its PP and HDPE grades due to weak demand and a softening trend in the import market.