04 Mar 2026
Combined PP and PE stocks at Sinopec and CNPC declined by 40,000 tons day-on-day to 850,000 tons, signalling that procurement interest persisted even as overall buying sentiment turned more cautious.
03 Mar 2026
The Shenhua auction floor maintained its fever pitch on Tuesday, entirely subordinated to another explosive morning session on the Dalian Commodity Exchange (DCE).
The physical auction floor experienced a violent reversal on Tuesday, snapping the post-holiday lethargy that had left cargoes entirely unsold just days prior.
The company pointed to instability around the Strait of Hormuz, which has materially affected feedstock shipments and constrained its ability to meet contracted volumes, including PP and PE.
The May 2026 contracts (2605) on the Dalian Commodity Exchange opened sharply higher on Tuesday, with PP and LLDPE extending their aggressive rally through the morning session to strike the daily upper limit for a second consecutive day.
With Middle Eastern supply lines under threat and feedstock volatility accelerating, participants moved swiftly to reassess exposure, triggering sharp price swings and a defensive shift in trading strategy.
02 Mar 2026
The physical auction floor roared back to life on Monday, supercharged by a sharply higher open on the Dalian Commodity Exchange (DCE).
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