Near-total clearances across PP grades were achieved on Friday as an early paper rebound stimulated need-based pre-weekend restocking, while LLDPE transactions were strictly supported by discounted baselines amid persistently weak sentiment.
Deep baseline concessions sustained partial clearances across the PP complex on Thursday, while LLDPE allocations were completely ignored amid a softer macroeconomic tone and persistent seasonal headwinds.
A pronounced disconnect between inflated auction floor prices and a softening paper market triggered a near-total transactional freeze on Thursday, as buyers bypassed rigid allocations in favour of flexible spot alternatives.