29 Jan 2026
Recent strong buying momentum in China’s polyolefin market has seen Shenhua’s monthly allocations for homo-PP and LLDPE film fully sold out one day ahead of the final trading session of January 2026.
Shandong Yulong wrapped up its final auction session of the week with PP continuing to outperform PE, underscoring a sustained divergence in demand between the two product groups.
29 Jan 2026 SPVC k67-68
Despite ongoing pressure from falling ethylene costs and subdued local consumption, Chinese suppliers succeeded in lifting export offers, seizing a narrow pricing window ahead of the removal of the 13% VAT export rebate
Downstream converters largely adopted a wait-and-see approach, with transactionrestricted to minor top-up buying from a handful of players.
28 Jan 2026
Shenhua’s latest auction session saw all offered PP and LLDPE cargoes fully cleared, marking a sharp rebound from Tuesday’s more subdued tone.
The surge was primarily driven by robust seasonal procurement ahead of the Ramadan and Raya festivities, alongside a visible tightness in spot availability.
In the physical market, local producers responded swiftly to the bullish signals from the Exchange, raising spot offers to capture the improved sentiment.
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