China Morning Snapshot – 11 May 2026

11 May 2026 PP and LLDPE 2609 contracts on the Dalian Commodity Exchange snapped back sharply in the morning session, driven by a recovery in crude oil prices after President Donald Trump rejected Iran's latest response to his Middle East ceasefire proposal, prolonging the effective closure of the Strait of Hormuz and lifting energy sentiment across the board.

08 May 2026 HD Film LL C4 Film PPH Raf

Shenhua Auction: Discounted baselines restore PP clearances while PE engagement remains fractured

Discounted baselines restored PP clearances to over 90% on Friday, while PE engagement remained fractured amid comfortable supply and easing geopolitical premiums.

08 May 2026 PET Bottle

Indonesian PET floor hardened at IDR 24 million as import paralysis threatens downstream substitution

The Indonesian PET bottle market solidified its upward trajectory this week, driven by an acute absence of prompt spot prices and mounting forward-import risks.

08 May 2026

China Morning Snapshot – 08 May 2026

More sellers trimmed prices to draw buyers, though the cuts remained shallow, and neither move generated much traction.

07 May 2026 HD Film LL C4 Film PPH Raf

Shenhua Auction: Severe structural rejection triggered by misaligned pricing and falling futures

A severe structural rejection was recorded across the platform on Thursday as elevated baselines clashed with a sharply declining paper market and cheaper spot alternatives.

07 May 2026

Indonesian PE market tumbles into correction as panic premium unwinds, policy fears deepen sell-off

Indonesia’s polyethylene market has entered a steep corrective phase after surging to extraordinary highs in late February and March 2026 amid the Iran-Israel conflict and the closure of the Strait of Hormuz.

07 May 2026

China Morning Snapshot – 07 May 2026

PP and LLDPE 2609 contracts on the Dalian Commodity Exchange sold off sharply during the morning session, dragged lower by a steep drop in crude oil prices after Washington signalled that its military campaign against Iran was effectively concluded.

06 May 2026 LL C4 Film LL Inj PPBC Inj PPH Inj PPH Raf

Shenhua Auction: Full PP clearances achieved as competitive baselines offset post-holiday caution

Near-total clearances across the PP complex were achieved on Wednesday driven by competitive platform pricing, while LLDPE drawdowns were fractured by aggressive baseline hikes and subdued post-holiday demand.

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