For the first time since the Strait of Hormuz blockade began, LLDPE film import prices in Indonesia have fallen to three-digit territory, as a wave of redirected Western supply meets reluctant buyers across Southeast Asia.
An accelerated unwinding of geopolitical risk premiums in the global crude complex transmitted aggressive downward velocity through Dalian paper markets on Wednesday, thoroughly dismantling physical polyolefin sentiment and triggering a renewed transactional boycott at Shenhua's morning auction.
Sustained downward pressure across Dalian paper markets forced a highly bifurcated post-holiday trading session on Tuesday, allowing targeted baseline concessions to engineer a complete structural clearance in the LLDPE sector, while leaving the PP complex mired in a severe demand deficit.