Apr 17, 2026 7:48 p.m.
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China Morning Snapshot – 31 March 2026
31 Mar 2026 One market source highlighted that recent patterns have seen futures soften sharply on Tuesdays following early-week gains, while spot prices have held elevated levels across recent sessions.
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30 Mar 2026 SPVC k67-68 SPVC (A) k67-68

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Statistics: China PVC exports spike on VAT front-loading, post-April correction risk intensifies

Domestic consumption has remained largely stagnant since the property downturn began in 2022, with producers leaning heavily on overseas markets to absorb excess supply — a strategy now facing mounting constraints.
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30 Mar 2026 LL C4 Film PPBC Inj PPH Raf

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Shenhua Auction: Tactical baseline reductions reopen arbitrage window amid spot market resistance

Tactical baseline reductions of up to CNY 200/ton successfully reopened the structural arbitrage window on Monday, driving robust but measured procurement across the Shenhua platform as downstream buyers firmly rejected inflating domestic spot offers.
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30 Mar 2026

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Indonesian major pushes further PP hikes while PE rolls over; buyers actively pivot to import channels

The uptrend is showing continuing signs of demand fatigue, as resistance becomes more pronounced and gains diverge across product segments.
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30 Mar 2026

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China Morning Snapshot – 30 March 2026

Spot market activity mirrored the early rally, with domestic sellers lifting offers, though most held prices steady during the pullback, treating intraday volatility as typical under current conditions.
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27 Mar 2026

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Update: South Korea bans naphtha exports, eyes wider petrochemical curbs

Market focus is now shifting beyond naphtha. Policymakers are actively assessing potential export restrictions on downstream petrochemicals, including PP and PE
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27 Mar 2026

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Shenhua Auction: Month-end scarcity and firm futures drive near-total clearance

Tighter month-end volume allocations and resilient futures performance engineered a near-flawless clearance across the Shenhua platform on Friday.
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27 Mar 2026

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China Morning Snapshot – 27 March 2026

Sources noted that recent drawdowns have been driven primarily by export flows and, to a lesser extent, production curtailments, rather than any meaningful cues in underlying demand.
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