China Morning Snapshot - 29 June 2026

29 Jun 2026 The divergence signalled a tentative pause in the recent run of steep losses across both complexes, though participants stopped well short of interpreting the move as a directional shift.

26 Jun 2026 LL C4 Film

Vietnam LLDPE film plunges as US deep-sea supply wave triggers inventory liquidation

Growing availability of deep-sea cargoes — particularly from the United States — shifted market expectations lower and eroded buyers' willingness to commit to forward purchases.

26 Jun 2026

Shenhua Auction: PP rebounds on price cuts and firmer futures; LLDPE resists as prices tick higher

Shenhua concluded its auction on 26 June 2026 with a marked recovery in PP buying interest, driven by lower offer prices and a rebound in futures

26 Jun 2026 LD Film

Iran’s supply shadow looms over China’s LDPE import market as price floor buckles toward $1,000/ton

Iranian petrochemical producers are moving to reclaim their position in China’s spot LDPE market before official price lists have even been issued — and the market is already pricing in their return

26 Jun 2026 PET Bottle

Indonesian PET buyers cautious as summer demand lapses and bottom remain elusive

The beverage sector, which had underpinned recent demand through summer restocking, has also started to give way, with a trader noting that peak seasonal buying ended earlier than expected.

26 Jun 2026 SPVC k67-68 SPVC (A) k67-68

China’s PVC extends slide as collapsing crude, Indian policy uncertainty compound demand woes

A crude oil sell-off, paralysed Indian demand, and structurally weak domestic consumption converged — leaving the market with few near-term escape routes.

26 Jun 2026 LL C4 Film PPH Inj PPH Raf

China Morning Snapshot – 26 June 2026

PP and LLDPE 2609 futures on the Dalian Commodity Exchange (DCE) opened higher before easing toward the end of the morning session.

25 Jun 2026

Thai LDPE film tumbles across China, Vietnam as Asia’s downturn deepens

A Thai petrochemical producer sent shockwaves through Asian PE markets this week, slashing spot LDPE film offers to levels that caught buyers off-guard

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