12 Feb 2026
Chinese PE converters have adopted a highly defensive stance ahead of the Lunar New Year, maintaining historically low raw material inventories while grappling with elevated finished goods stocks.
Trading interest thinned noticeably, with only small-volume deals concluded, highlighting cautious downstream buying appetite.
PP and LLDPE futures on the Dalian Commodity Exchange drifted lower during the morning session, though the mild weakness offered scant guidance to a physical spot market that has largely entered dormancy.
11 Feb 2026
According to market participants surveyed by CommoPlast, the traditional pre-holiday surge in raw material procurement has been superseded by a cautious stance
Traders were quick to point out, however, that the pickup stemmed largely from a CNY 50/ton cut in auction prices, which coaxed buyers back to the table
The Malaysian LDPE film market traded on firm footing in the week to 11 February, as overlapping production disruptions tightened near-term availability and shifted pricing power decisively toward sellers.
The stagnation in stock drawdowns reflects the rapid deceleration in downstream procurement as the Lunar New Year break approaches.
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