May 19, 2026 8:07 p.m.
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China Morning Snapshot – 29 April 2026
29 Apr 2026 After two days of active replenishment driven by rising prices, buyers are now showing clearer resistance to further increases, with sentiment shifting towards a more measured manner.
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28 Apr 2026

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Statistics: China’s March PE exports surged 87.4% as Middle East crisis forces aggressive regional supply shifts

Although import volumes have followed a consistent downward trajectory over the past year, the most recent contraction in consumption was primarily attributable to a surge in export activity, underpinned by robust overseas demand in the wake of the Iran conflict.
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28 Apr 2026

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Statistics: China reshapes PP trade with record-setting exports as Strait of Hormuz disruptions upend global supply

The US–Iran conflict has pushed petrochemical PP markets into a tighter supply phase, as feedstock disruptions ripple across the petrochemical chain, curbing operating rates and constraining output.
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28 Apr 2026 LL C4 Film PPBC Inj PPH Raf

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Shenhua Auction: Firmer futures stimulate selective restocking amid seasonal LLDPE headwinds

Platform clearances were fractured on Tuesday as agricultural off-season headwinds and higher baselines offset a firm paper rebound.
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28 Apr 2026 HD B/M HD Yarn LL C4 Film PPH Inj PPH Raf

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Shandong Yulong Auction: Rebounding futures spur selective PP uptake as PE faces structural resistance

Firmer futures and pre-holiday restocking stimulated selective PP offtake, but elevated baselines and seasonal headwinds left PE allocations largely stranded.
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28 Apr 2026

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Malaysian major slashes LDPE offers to Vietnam despite Middle East supply constraints

A major Malaysian producer has implemented significant downward adjustments to its LDPE offers to Vietnam, diverging from recent regional expectations of a pricing floor.
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28 Apr 2026 HD Film LL C4 Film PPH Raf

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Indonesian major executes first price cut since February; import hype masks underlying procurement hurdles

A major Indonesian producer implemented across-the-board price reductions on 27 April, marking the first official downward revision since the outbreak of the Middle East conflict on 28 February.
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28 Apr 2026

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Chinese homo-PP suppliers lift Southeast Asia offers as Indonesia scraps import duties

Chinese suppliers moved to raise homo-PP export offers to Southeast Asia on Tuesday, seizing on a pivotal regulatory shift in Indonesia to inject fresh momentum into a market that had been drifting ahead of the extended Labour Day holiday.
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