Overseas suppliers moved to test higher import homo-PP offers into Vietnam at the start of the week, encouraged by a sustained rally in the nearby Chinese market that has reinforced a firmer pricing stance across the region.
Shenhua’s final auction session of the week presented a bifurcated performance across the polyolefin complex, as the momentum in the LLDPE segment held firm against a backdrop of increasing volatility in the futures market.
As China steps back from aggressive discounting, other international producers gain room to recalibrate offers, marking a shift from volume-driven liquidation toward a more disciplined repricing phase that prioritises margin recovery.