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News Insight & Analysis

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China Morning Snapshot – 03 March 2026
03 Mar 2026 The May 2026 contracts (2605) on the Dalian Commodity Exchange opened sharply higher on Tuesday, with PP and LLDPE extending their aggressive rally through the morning session to strike the daily upper limit for a second consecutive day.
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03 Mar 2026

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Breakdown – Middle East conflict jolts Asian polyolefin markets

With Middle Eastern supply lines under threat and feedstock volatility accelerating, participants moved swiftly to reassess exposure, triggering sharp price swings and a defensive shift in trading strategy.
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02 Mar 2026

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Shenhua Auction: Deep discounts ignite buying frenzy as surging futures shatter Friday's lull

The physical auction floor roared back to life on Monday, supercharged by a sharply higher open on the Dalian Commodity Exchange (DCE).
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02 Mar 2026

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Saudi major Advanced Petrochemical declares force majeure on Asian PP shipments amid Gulf conflict

The Asian PP market is bracing for a severe supply shock following an official force majeure declaration from Advanced Petrochemical Company (APC) issued today.
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02 Mar 2026

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Saudi Aramco holds March LPG OSPs steady despite Juaymah disruption

Saudi Aramco has kept its official selling prices (OSPs) for March-loading liquefied petroleum gas (LPG) to Asia unchanged from February levels, a move that surprised parts of the market
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02 Mar 2026

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Indonesian major executes double price hikes on PP, PE as Middle East conflict paralyses import markets

A major Indonesian producer issued a cumulative double price hike on spot PP and PE over the weekend, abandoning its standard weekly pricing cycle
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02 Mar 2026

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China Morning Snapshot – 02 March 2026

China’s local spot market started the week with notable price strength, bouyed by firm crude oil levels and escalating tensions between the United States and Iran.
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02 Mar 2026

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Briefing: Iranian war drive fresh risk premium across the Asian petrochemical market

Rising military tensions between the United States, Israel, and Iran are injecting renewed volatility into global crude, oil, and petrochemical markets, driving prices sharply higher and intensifying concerns over Middle East supply security.
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