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China Morning Snapshot – 09 January 2026
09 Jan 2026 Even as futures softened, local producers continued to lift spot offers, supported by deals concluded over the past several days and improving confidence at the start of the year.
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08 Jan 2026

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Shenhua Auction: Deal volume remains encouraging as rebound momentum persists

Shenhua’s latest auction session recorded strong sell-through rates across both PP and LLDPE segments, signalling that buyers are increasingly willing to accept higher price levels to secure immediate restocking needs.
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08 Jan 2026

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Shandong Yulong Auction: Improved sentiment lifts deal volume

The latest auction session at Shandong Yulong signalled a pivot from the stagnation that characterised the December period. While the results remain bifurcated across grades
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08 Jan 2026

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Indonesian major lifts PP prices on tightening supply; PE remains steady

Although some buyers have begun to push back against the higher offers, market participants broadly expect the producer to maintain a firm stance on spot cargoes in the near term, underpinned by visible supply constraints.
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08 Jan 2026

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China Morning Snapshot – 08 January 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.
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07 Jan 2026

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Southeast Asian PP market opens 2026 firmer, but caution lingers

However, the durability of the nascent upswing remains under close scrutiny, with buyers maintaining a defensive stance amid ample inventories and steady regional output.
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07 Jan 2026

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Shenhua Auction: Firmer futures lift PP and LLDPE buying interest despite seasonal caution

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.
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07 Jan 2026

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China Morning Snapshot – 07 January 2026

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
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