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.
07 Jan 2026
However, the durability of the nascent upswing remains under close scrutiny, with buyers maintaining a defensive stance amid ample inventories and steady regional output.
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.
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
06 Jan 2026
While PP auctions continued to see healthy movement, LLDPE film recorded a marked slowdown in deal momentum.
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.
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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