The market environment was actively dampened by the historic collapse in global crude oil benchmarks alongside a corresponding limit-down trajectory in domestic polymer futures earlier in the trading day.
Futures on the Dalian Commodity Exchange for both PP and LLDPE May 2026 contracts (2605) opened at the daily upper limit on Monday and remained firmly locked at the ceiling level throughout the morning session, triggering an unprecedented surge in physical spot prices.
While PP and LLDPE futures initially opened weaker, testing the market's resolve, a sustained mid-morning rally quickly dismantled any lingering buyer hesitation and reinstated aggressive procurement strategies ahead of the weekend.