China Morning Snapshot - 01 July 2026

01 Jul 2026 With offers firmer but volumes thin, sellers are likely to hold the higher price levels into tomorrow's session rather than chase deals.

30 Jun 2026 Propylene

Weak demand, swelling supply unravel Asian propylene premium

The Asian propylene market has surrendered more than four-fifths of the geopolitical premium accumulated during the Iran conflict as improving regional supply collided with

30 Jun 2026

Shenhua Auction: Month-end volume contraction and firmer futures drive near-total clearances

A combination of restricted month-end supply and a cautiously optimistic paper market allowed the Shenhua auction to close June on a robust note.

30 Jun 2026 HD Film LL C4 Film

Saudi major returns to Vietnam PE market after four-month hiatus; buyers stay cautious

A major Saudi Arabian producer has resumed spot PE offers to Vietnam after a four-month absence caused by production disruptions and logistical bottlenecks during the Iran conflict

30 Jun 2026 LPG

Saudi Aramco slashes July LPG as weak Asian petrochemical sector, summer season sap demand

The correction marks one of the steepest month-on-month moves since 2023, driven less by an easing of Saudi supply constraints than by a convergence of bearish demand and competitive pressures across the LPG complex.

30 Jun 2026

Malaysian major drastically slashed July prices beyond market expectations amid demand cracks

Malaysia's polyolefin market experienced a structural reset on 29 June 2026 as the country's major domestic producer released its July price list.

30 Jun 2026 SPVC (A) k67-68

Chinese PVC operations face widespread curtailments as seasonal power rationing compounds margin pressure

A systematic reduction in operating rates across China's Inner Mongolia—triggered by the July low-wind period—is establishing a rigid cost floor for PVC.

30 Jun 2026 LL C4 Film PPH Inj PPH Raf

China Morning Snapshot - 30 June 2026

The continuation of Monday’s stabilisation gave producers enough confidence to test the market with higher offers heading into month-end, though the durability of the move remained an open question for most participants.

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