A severe supply-side constriction caused by extensive maintenance turnarounds successfully insulated homo-PP yarn allocations on Tuesday, securing a near-total clearance despite range-bound paper markets and stagnant downstream demand.
Converter inventories built up during the US-Iran conflict have yet to clear, reducing procurement urgency across the board. The passing of major festive seasons has removed another layer of seasonal demand support, giving buyers cover to wait for a definitive price bottom.
An extended rebound across Dalian paper markets successfully propelled homo-PP yarn to a near-total clearance on Monday, whereas ample domestic availability and subdued buying interest left the PE complex deeply fractured.