China Morning Snapshot – 08 December 2025
Domestic buying remained limited, with the ongoing weakness in futures undermining confidence. LLDPE volumes saw modest activity while PP trades were primarily needs-based.
PP and LLDPE futures on the Dalian Commodity Exchange extended their decline to fresh lows from last week, trading in a weak, narrow range throughout the morning session.
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08 December 2025 |
Prices in CNY |
USD Equivalent |
|
Combined and reported by CommoPlast |
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Dalian Commodity Exchange (Mid-day closing) |
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|
PP 2601 |
CNY 6273 |
-CNY 38 |
|
|
USD 785 |
-USD 5 |
|
CNY 6646 |
-CNY 65 |
|
|
|
USD 832 |
-USD 9 |
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Spot Domestic Prices (EXW China, Cash equivalent) |
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|
PPH (East China) |
CNY 6200-6350 |
Stable |
|
|
USD 776-795 |
Stable |
|
CNY 6600-6900 |
-CNY 50 |
|
|
|
USD 826-864 |
-USD 7 |
|
**All USD equivalent prices are exclusive of 13% VAT |
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Total domestic inventory rose by 20,000 tons from last Friday, reaching 690,000 tons as of 8 December 2025.
Market participants noted that the accumulation appeared slightly lower than typical weekend levels, as producers encouraged distributors to take additional volumes late last week.
Domestic buying remained limited, with the ongoing weakness in futures undermining confidence. LLDPE volumes saw modest activity while PP trades were primarily needs-based.
“The ongoing weakness in the futures market is undermining confidence,” a local distributor said. “Many customers are questioning when prices will truly bottom out. Deals this morning have been very limited.”
The market continues to operate in a cautious, defensive mode. Futures softness and fragile sentiment are keeping both PP and LLDPE demand suppressed, with restocking expected only if prices stabilise or a clearer floor emerges in the coming sessions.
Written by: Kat Yun Yun
Edited by: Aiman Haikal