Saudi major cuts July PE offers to Vietnam by up to $90/t to reset market floor

02 Jul 2026 Facing four months of absence that allowed Chinese material to entrench itself across one of its key export markets, a major Saudi Arabian producer has moved decisively to reclaim share

02 Jul 2026 PET Bottle

Indonesia PET slips again as traders struggle to match import cuts amid a deepening regional downturn

Mirroring the downtrend across the PET industry in China, Indonesia's PET market extended its correction this week, with prices falling even as the rupiah's weakness against the US dollar should have offered some cushion to domestic offers.

02 Jul 2026 PET Bottle

China’s PET bottle export offers continue to soften as vanishing geopolitical premiums and seasonal lull erase market floor

The Chinese PET bottle export market extended its downward trajectory this week, marking the ninth consecutive week of price contractions since late April 2026.

02 Jul 2026

China PVC extends decline despite production cuts as demand erosion overwhelms supply-side support

Seasonal electricity rationing in Inner Mongolia forced fresh production cuts at carbide-based PVC plants, briefly raising hopes that constrained output might shore up prices.

02 Jul 2026 LL C4 Film PPH Inj PPH Raf

China Morning Snapshot - 02 July 2026

Following several days of attempts to stabilise prices, most local sellers offered discounts this morning, with market participants pointing to underlying weakness in fundamentals despite the recent stabilisation push.

01 Jul 2026

Shenhua auction: Need-based buying absorbs volume as the floor rejects premium pricing

A pullback in global crude benchmarks transmitted immediate weakness into Dalian paper markets on Wednesday, forcing downstream converters to adopt a highly defensive and price-sensitive stance during Shenhua's opening July auction.

01 Jul 2026 SPVC k67-68

Indonesia's PVC market extends slide as domestic producer reacts to regional supply glut

The reduction follows a structural breakdown in upstream energy costs and sustained competitive pressure from competitive Chinese imports, marking the second consecutive month of significant price recalibration.

01 Jul 2026 HD Film LL C4 Film PPH Inj PPH Raf

Chinese PP and PE exports to Southeast Asia impacted by lingering reverberations from Hormuz disruptions

That shift has left other conventional markets for Chinese exporters more heavily supplied, compounding the pressure on exporters and reinforcing the bearish tone.

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