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China Morning Snapshot – 28 May 2026
28 May 2026 Producers were more willing than usual to cut prices heading into month-end, a concession that speaks to the difficulty of coaxing buyers off the sidelines in the current environment.
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27 May 2026

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Shenhua Auction: PP auction holds firm despite softer futures, cautious buying persists

China’s coal-based petrochemical giant Shenhua Baotou Coal Chemical Co. wrapped up its auction on 27 May 2026 with relatively resilient trading performance for PP cargoes
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27 May 2026

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Saudi major cuts June PE prices to Vietnam to regain foothold amid weak demand

The reductions — sweeping across HDPE, LLDPE, and LDPE film grades — reflect the mounting cost of inaction as Chinese-origin cargoes, both oil-based and coal-based, steadily displace Middle Eastern supply across the region.
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27 May 2026

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China Morning Snapshot – 27 May 2026

Spot market sentiment remained subdued, with buyers broadly unwilling to extend commitments beyond immediate needs. Participants pointed to persistent weakness
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26 May 2026

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Taiwanese major revises June PVC offers downward as weak demand drags market sentiment

A major Taiwanese producer has lowered its June PVC shipment offers to Asia by a further $60/ton after initial list prices released the previous week drew little buying interest.
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26 May 2026

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Statistics: Supply disruptions and earlier stockpiling hamper output and outflow for China PVC market

The Chinese PVC market faced acute headwinds in April 2026, as policy shifts and supply chain vulnerabilities squeezed both production margins and export competitiveness.
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26 May 2026

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Shenhua Auction: Structural rejections recorded across PE and premium PP amid soft futures

Partial clearances for homo-PP were secured on Tuesday, while premium PP and PE allocations suffered complete structural rejections amid an extended macroeconomic downturn.
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26 May 2026

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Shandong Yulong Auction: Softening futures trigger widespread rejection as thinwall isolates liquidity

A pronounced downturn in domestic futures and discounted spot offers triggered severe transactional rejection on Tuesday, isolating liquidity strictly to supply-constrained PP thinwall grades.
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