18 Dec 2025
PP and LLDPE’s May 2026 futures on the Dalian Commodity Exchange traded in a range-bound pattern, with PP futures showing comparatively firmer support than LLDPE.
17 Dec 2025
The marginal appreciation of the yuan against the US dollar — typically a supportive factor for imports — failed to translate into a meaningful pickup in demand, with Chinese buyers sticking to cautious procurement strategies
Divergent trends characterized Shenhua’s auction on the third trading session this week, with PP homo yarn registering comparatively stronger sales amid a slight stabilization in futures
In the physical market closely mirrored the divergent futures performance as sellers maintained stable offers for homo-PP, while applying further discounts of CNY 50/ton on LLDPE grades.
16 Dec 2025
Market participants reported that the upper end of the transaction range fell by approximately CNY 20–150/ton compared to the previous day, signaling that sellers had to compromise to move even limited volumes.
Shandong Yulong’s latest auction saw muted participation on Tuesday, weighed down by weaker futures and a generally soft local market environment.
Early market discussions suggest PP is finding firmer ground. A broadly stabilised regional pricing environment has reduced the urgency for Malaysian producers to adjust prices lower
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