The Chinese homo-PP market continued its downward spiral on 2 September 2025, extending losses for the tenth consecutive week under the weight of abundant domestic supply and subdued demand.
A second major Saudi Arabian producer has wrapped up September transactions in Vietnam, finalizing LLDPE film prices at $30/ton below its initial offers.
The Chinese PE market saw a notable improvement in trading sentiment on Tuesday, 26 August 2025, as domestic buyers showed stronger interest in replenishing cargoes
While negotiations are still unfolding, several parcels offered late last week have already been booked, signaling pockets of demand despite the challenging backdrop.
The Chinese PVC market closed the week to 22 August 2025 on a softer note, with export offers falling by $7-12/ton for carbide-based and $18-22/ton for ethylene-based cargoes.
Chinese PP exporters trimmed homo-PP offers toward the weekend, pushing prices below the $850/ton threshold for the first time, despite support from a weaker US dollar.
A a good number of Vietnamese PP and LLDPE film cargoes was transacted in China during the first half of the week at relatively competitive price levels
International suppliers raised import PE offers to China on the second trading day of the week, claiming the absent of sales pressure as the primary support for the audacious decision.
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