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China Morning Snapshot – 08 January 2026
08 Jan 2026 Some end-users were seen making need-based purchases to secure near-term coverage amid rising prices, while others stepped back after earlier buying activity, opting to reassess market direction.
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07 Jan 2026

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Southeast Asian PP market opens 2026 firmer, but caution lingers

However, the durability of the nascent upswing remains under close scrutiny, with buyers maintaining a defensive stance amid ample inventories and steady regional output.
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07 Jan 2026

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Shenhua Auction: Firmer futures lift PP and LLDPE buying interest despite seasonal caution

The positive correlation between the Exchange-led sentiment and the physical auction floor prompted a successful 97.8% deal rate for homo-PP yarn, while PP block copolymer achieved its third consecutive full sell-through.
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07 Jan 2026

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China Morning Snapshot – 07 January 2026

This accelerated destocking represents a five-fold increase in drawdown compared to Tuesday’s 10,000-ton decline, signalling a meaningful shift in the pace of inventory digestion
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06 Jan 2026

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Shenhua Auction: PP deals outperform LLDPE Film as higher LLDPE prices face resistance

While PP auctions continued to see healthy movement, LLDPE film recorded a marked slowdown in deal momentum.
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06 Jan 2026

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Shandong Yulong Auction: Steep HDPE discounts spark sole pocket of liquidity

While the producer successfully cleared its HDPE film parcels through aggressive pricing, the remainder of the auction slate faced a total standoff due to uncompetitive offer levels.
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06 Jan 2026

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Indonesian PVC major rolled over January offers amid stabilising regional market

The decision, while taken against a backdrop of still-lukewarm demand, was underpinned by stabilising regional market conditions and a visible easing of downward pressure from Chinese-origin cargoes.
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06 Jan 2026

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Indonesian PP, PE markets open 2026 firm footing as sellers draw on external support

The opening of 2026 brought a confluence of external support, including a two-week rebound in China’s PP market, a sharp rise in upstream LPG prices, and weekend geopolitical developments in Venezuela
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