Jun 21, 2026 12:38 p.m.
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News Insight & Analysis

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China Morning Snapshot – 09 March 2026
09 Mar 2026 Futures on the Dalian Commodity Exchange for both PP and LLDPE May 2026 contracts (2605) opened at the daily upper limit on Monday and remained firmly locked at the ceiling level throughout the morning session, triggering an unprecedented surge in physical spot prices.
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09 Mar 2026

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Asian petrochemical contagion deepens as widespread force majeures fracture regional polymer supply chains

A growing number of producers have already declared force majeure on key feedstocks, undermining their ability to meet contractual deliveries for both PP and PE.
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06 Mar 2026

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Shenhua Auction: Near-perfect clearance returns as intraday futures rebound silences early-session hesitation

While PP and LLDPE futures initially opened weaker, testing the market's resolve, a sustained mid-morning rally quickly dismantled any lingering buyer hesitation and reinstated aggressive procurement strategies ahead of the weekend.
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06 Mar 2026 PPH Inj PPH Raf

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Middle East tensions propel Saudi homo-PP above $1,300/ton to India

Offers to India have surged past $1,300/ton as the escalating conflict in the Gulf and the shutdown of civilian traffic through the Strait of Hormuz sharply inflate supply costs.
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06 Mar 2026

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China Morning Snapshot – 06 March 2026

The rapid rally has begun to encounter growing buyer resistance in the domestic market.
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05 Mar 2026

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Singapore’s PCS joins wave of force majeure as regional producers reassess operations

The Singapore-based producer said the geopolitical instability has materially disrupted Strait of Hormuz, restricting access to essential feedstock.
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05 Mar 2026

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Shenhua Auction: Resurgent buying interest drives near-perfect clearance as strategic pricing outshines spot market hikes

The physical auction floor regained its aggressive footing on Thursday, firmly supported by a resilient morning run on the Dalian Commodity Exchange (DCE).
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05 Mar 2026

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Shandong Yulong Auction: Mixed buying response as prices extend rally

Some grades were fully sold out despite the auction price rising by CNY 390/ton from the previous session on Tuesday.
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