23 Sep 2026
Despite selective price reductions from the producer, auction price levels were largely deemed unattractive against a falling paper market, leaving homo-PP yarn as the only grade able to secure deals.
A six-week bull run in China's polyolefin market has lost momentum. Sliding energy prices and pre-holiday caution among buyers pulled spot offers lower across all key commodity PP and PE grades
Chinese PET bottle resin export offers moved lower this week, falling back below the $1,200/ton threshold as softer crude oil benchmarks, hesitant overseas demand, and a stronger Chinese yuan checked a four-week pricing rally.
Crude's own five-session slide, a yuan at three-and-a-half-year highs, and the approach of Mid-Autumn and Golden Week have combined to drain sentiment from the futures market.
22 Sep 2026
The move, announced on 22 September, extends a run of five consecutive hikes and underscores how tightly regional offers are now tracking upstream cost pressure rather than downstream demand.
China’s apparent PE consumption rose to 3.10 million tons in August 2026, up 1.5% month-on-month (+47,300 tons) to mark its highest level since the first quarter.
Deal activity was defined by an extreme product split: a complete buyer strike across all PE offerings contrasted with resilient, heavily discounted PP absorption.
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