Apr 17, 2026 7:51 p.m.
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China Morning Snapshot – 19 March 2026
19 Mar 2026 The overnight surge in futures prompted domestic sellers to push offers sharply higher, yet the rally has only reinforced caution, with buyers holding back as resistance levels, established in earlier sessions, continue to cap appetite.
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18 Mar 2026

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Shenhua Auction: LLDPE film sees stronger uptake on deeper discounts

The strong uptake reflected effective price positioning, which unlocked immediate restocking demand from converters despite broader market uncertainty.
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18 Mar 2026

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Chinese LLDPE film tests $1500/ton in Vietnam; buyers hold back on restocking

Chinese sellers have taken the lead in Vietnam, pushing LLDPE film offers to levels last seen in late 2021 to early 2022.
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18 Mar 2026

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China Morning Snapshot – 18 March 2026

The domestic market now appear locked in a delicate balance, with macroeconomic signals, futures movements and crude volatility shaping cautious trading behaviour.
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17 Mar 2026

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Shenhua Auction: Aggressive baseline hikes and softer futures trigger transactional paralysis as the arbitrage window violently closes

Shenhua’s auction floor experienced a severe structural rejection on Tuesday as the macroeconomic tailwinds that drove Monday's near-total clearance rapidly evaporated.
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17 Mar 2026

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Shandong Yulong Auction: Aggressive premiums and softer futures trigger transactional paralysis amid refinery outage rumours

The physical auction floor experienced a severe structural rejection on Tuesday, as heavily inflated starting blocks collided with a cooling macroeconomic environment.
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17 Mar 2026 SPVC k67-68

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Ethylene-based PVC rose above $1100/ton in Vietnam on deepening feedstock squeeze

Vietnam’s PVC market surged to multi-year highs on 16 March 2026, with fresh import offers from major Far East Asian producers breaching the $1100/ton mark amid widespread feedstock disruptions.
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17 Mar 2026

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China Morning Snapshot – 17 March 2026

Weaker PP and LLDPE 2605 futures ended a four-session rally, prompting sellers to offer selective discounts while some arbitrage players aggressively lowered indications and opened negotiations to stimulate buying.
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