As the majority of market players paused business activities, attention among the remaining participants shifted to the post-Lunar New Year outlook. Although spot offers held steady, most buyers opted to delay procurements in anticipation of possible post-holiday adjustments.
The Shenhua Auction platform is approaching the end of its monthly sales with notably limited volumes of LLDPE available. Despite a marginal recovery in the Dalian Commodity Exchange, purchasing activity has been lacklustre, as a significant portion of market participants have exited ahead of the Lunar New Year holiday.
According to a notification from the producer to Vietnamese customers, four LLDPE production lines at its petrochemical complexes in Saudi Arabia have been taken offline due to technical issues, with no specified timeline for resumption.