Following a slump in October, the LLDPE film market experienced a sharp rebound, driven by robust demand from agricultural film and packaging sectors. Export orders surged as US importers stockpiled ahead of potential port worker strikes and import tariff hikes, boosting demand for industrial packaging.
Following the January price announcement earlier this week, a major Saudi Arabian producer set final prices with a minor discount of $10/ton discount on HDPE and LDPE film while offering limited space for negotiation on LLDPE film.
On 24 December, the Indian government officially announced a six-month postponement of the QCO for PVC under the Bureau of Indian Standards (BIS) mandate. However, this delay provided limited immediate relief.
Despite having a small auction quantity on the final trading day of the week, Shenhua proactively introduced discounts of CNY 20/ton on homo-PP and CNY 60/ton on LLDPE following sluggish trading results in the previous session.
The PET bottle market traditionally experiences an upswing toward the end of the first quarter, driven by preparations for summer demand, which could offset the impact of new production startups. However, the anticipated supply increase has led buyers—both domestic and international—to adopt a cautious stance
The most actively traded PP and LLDPE futures contracts for May 2025 delivery concluded the morning session with a stable-to-firm trend. This performance was underpinned by regional equity gains and government announcements regarding plans to raise bond issuances to unprecedented levels in 2025.