A pre-holiday influx of overseas resin pushed China’s apparent polyethylene consumption to 3.25 million tons in September 2026, advancing 4.7% over August’s 3.10 million tons to reach its strongest monthly tally since March.
China’s PVC market came under mounting pressure in September as feedstock costs squeezed domestic producers, export competitiveness weakened amid trade barriers and elevated freight rates, and consumption slumped to its lowest level of the year.
Malaysia's import PVC market saw a measured opening to November shipment negotiations this week, as Southeast Asian producers kept initial offers largely steady to $5/ton softer than last month's opening lists despite a major Taiwanese producer's fourth consecutive price hike and firmer Chinese ethylene-based quotations.
PP and LLDPE futures on the Dalian Commodity Exchange (DCE) rebounded mildly after a weak opening on Wednesday, steering aggregate auction clearance at Shenhua Baotou Coal Chemical Co. up 12.8% from Tuesday to 93.3%.
The day-on-day drawdown in combined domestic PP and PE producer stocks lends some support to that view, though it reflects more some impulsive and need-based replenishment at the start of the week rather than any genuine improvement in underlying demand.
Soft, range-bound PP and LLDPE futures on the Dalian Commodity Exchange (DCE) throughout the Tuesday morning session dampened overall bidding momentum at Shenhua Baotou Coal Chemical Co.'s daily auction.