May 21, 2026 6:59 a.m.
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News Insight & Analysis

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China Morning Snapshot – 20 May 2026
20 May 2026 Trading sentiment noticeably improved during the morning, though the pickup in inquiries has yet to translate into broad-based buying.
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19 May 2026 HD Film LL C4 Film PPBC Inj PPH Raf

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Shenhua Auction: PP deals outperform PE amid divergent futures trend

The firmer PP futures tone fed directly into Shenhua's auction, where all PP cargoes sold out in full. PE cargoes, by contrast, posted a weaker sales performance, underscoring the growing gap in near-term sentiment between the two polymer markets.
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19 May 2026

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China Morning Snapshot – 19 May 2026

Despite the recovery in PP futures, buying appetite remained thin, keeping sellers from converting improved futures sentiment into actual price gains in the spot market.
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18 May 2026 LL C4 Film PPBC Inj PPH Raf

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Shenhua Auction: Macro rebound drives near-total clearances amid competitive pricing

Near-total clearances across both the PP and PE complexes were achieved on Monday as a concurrent rebound in global crude and paper markets engineered a highly competitive physical arbitrage window.
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18 May 2026

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Malaysian major slashes June LDPE offers to Vietnam amid faltering demand

A key Malaysian producer has released LDPE offers to Vietnam for June loading at steep discounts from its previous price announcement — the latest sign that demand weakness
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18 May 2026 HD B/M HD Film HD Inj LL C4 Film LL Inj LL Rot Mold mPE C6 PPBC Inj PPH Film PPH Inj PPH Raf PPH Thermo

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Indonesian major adjusts prices lower to align with distribution market and import levels

Indonesia’s polyolefin market saw further downward revisions on 18 May, as a major domestic producer issued new price adjustments across most of its portfolio.
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18 May 2026

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China Morning Snapshot – 18 May 2026

Downstream buyers largely sat on hands, unwilling to chase prices higher in a market where confidence remains fragile.
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15 May 2026 LL C4 Film LL Inj PPBC Inj PPH Inj PPH Raf

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Shenhua Auction: Early futures rebound supports pre-weekend clearances amid diverging fundamentals

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.
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