22 Jan 2026
Both products were fully sold, pointing to a tentative improvement in near-term confidence. Market participants, however, remained wary over the durability of the rebound.
Shandong Yulong’s latest auction delivered a clear improvement in uptake, with homo-PP yarn and LLDPE film on an FD basis fully cleared.
In immediate response to the futures-led recovery, the majority of local producers adjusted their spot offers higher, seeking to recoup losses from earlier in the week.
21 Jan 2026
The move was broadly anticipated, following intensifying market discussions around China’s impending withdrawal of export tax rebates — a policy shift widely seen as a catalyst for a structural reset in global PVC pricing.
The Shenhua auction platform witnessed a notable recovery in liquidity on Wednesday as range-bound stability in the futures market triggered renewed restocking interest.
At least two major Saudi Arabian producers have released February PE shipment offers to Vietnam this week, surprising the market with more conservative pricing than widely anticipated.
21 Jan 2026 PET Bottle
The Indonesian PET bottle market climbed to a 13-month high in the week ended 21 January 2025, buoyed by tightening spot availability and a sharp depreciation of the rupiah against the US dollar.
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