29 Jan 2026 SPVC k67-68
Despite ongoing pressure from falling ethylene costs and subdued local consumption, Chinese suppliers succeeded in lifting export offers, seizing a narrow pricing window ahead of the removal of the 13% VAT export rebate
29 Jan 2026
Downstream converters largely adopted a wait-and-see approach, with transactionrestricted to minor top-up buying from a handful of players.
28 Jan 2026
Shenhua’s latest auction session saw all offered PP and LLDPE cargoes fully cleared, marking a sharp rebound from Tuesday’s more subdued tone.
The surge was primarily driven by robust seasonal procurement ahead of the Ramadan and Raya festivities, alongside a visible tightness in spot availability.
In the physical market, local producers responded swiftly to the bullish signals from the Exchange, raising spot offers to capture the improved sentiment.
27 Jan 2026
Market participants said the precautionary shutdowns are unlikely to trigger the kind of widespread supply disruption seen during the 2021–2022 winter storms.
While the producer maintained largely unchanged starting prices amid reduced month-end sales pressure, the broader tone reflected a market increasingly sensitive to paper market signals rather than physical tightness.
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