Asia PE Daily: China PE retreats on limit-down futures and crude rout as Indonesian bag buyers cancel orders

Chinese PE prices retreated across domestic spot, export, and import channels after Dalian futures hit their maximum daily downside limit in the wake steep crude oil sell-off. Thin local inventories kept Vietnamese sellers from over-reacting despite a cut on Chinese HDPE offers, whereas the oil slump triggered finished-bag purchase order cancellations in Indonesia.