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China Morning Snapshot – 30 March 2026
30 Mar 2026 Spot market activity mirrored the early rally, with domestic sellers lifting offers, though most held prices steady during the pullback, treating intraday volatility as typical under current conditions.
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27 Mar 2026

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Update: South Korea bans naphtha exports, eyes wider petrochemical curbs

Market focus is now shifting beyond naphtha. Policymakers are actively assessing potential export restrictions on downstream petrochemicals, including PP and PE
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27 Mar 2026

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Shenhua Auction: Month-end scarcity and firm futures drive near-total clearance

Tighter month-end volume allocations and resilient futures performance engineered a near-flawless clearance across the Shenhua platform on Friday.
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27 Mar 2026

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China Morning Snapshot – 27 March 2026

Sources noted that recent drawdowns have been driven primarily by export flows and, to a lesser extent, production curtailments, rather than any meaningful cues in underlying demand.
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26 Mar 2026

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Statistics: China’s PE exports accelerate in the first two months of 2026 as domestic producers adjust output strategy

The state's strategic focus is firmly pivoting away from blind expansion towards high-end polyolefins and specialised chemical materials.
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26 Mar 2026

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Statistics: China PP capacity growth underpins self-reliance in the first two months of 2026

Expanding domestic capacity is reinforcing supply resilience and rapidly accelerating the country’s transition toward export dependence.
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26 Mar 2026

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Shenhua Auction: Tactical baseline cuts reopen PP arbitrage window as LLDPE lags on macroeconomic hesitation

Shenhua’s tactical baseline cuts triggered a sharply divergent market response on Thursday, driving flawless clearances for PP while PE demand languished amid macroeconomic caution.
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26 Mar 2026

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Naphtha spikes to record levels in Asia as supply woes threaten cracker runs

The supply shock has rapidly tightened feedstock availability, pushing regional steam crackers towards potential run cuts and shutdowns amid a lack of viable alternatives.
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