11 Sep 2025
Shandong Yulong’s latest PP and PE auction saw modest improvements in deal volumes, underpinned primarily by need-based purchases.
The domestic spot market continued to show divergent demand patterns. PP buyers largely stayed on the sidelines, showing little interest in fresh replenishment even at discounted levels.
10 Sep 2025
Market sentiment remains cautious, with converters citing an uncertain regional demand outlook as reason for conservative procurement strategies.
Homo-PP yarn continued to face subdued demand, with deals concluded at CNY40–100/ton below Tuesday’s levels, highlighting persistent weakness in this grade.
However, questions remain over the sustainability of the increase, particularly as Chinese PVC prices have been on a steady decline for five consecutive weeks.
10 Sep 2025 SPVC k67-68 SPVC (A) k67-68
Waning demand at home and abroad has triggered a rapid build-up in inventories, weighing heavily on sentiment despite still-elevated upstream coking coal costs.
The constant drawdown has yet to entice local producers to lift spot PP and PE prices – a development market sources attributed to the inventory management strategy ahead of the long break in October.
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