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Summary of Polyolefins Daily Report - November 28, 2025

Market Review

The report highlights a decline in polyolefins futures, with L plastic (L2601) down 0.61% to 6698 yuan/ton and PP2601 down 0.03% to 6295 yuan/ton. Demand is weak due to slow production restarts and slow order follow-up, with supply potentially increasing. Crude oil prices falling due to eased geopolitical risks add to downward pressure, and cost support is lacking, leading to a bearish outlook.

Industry News

Producer inventories for polyethylene fell 0.76% to 650,000 tons. PE prices remain weak across regions, with LLDPE seeing markdowns. PP markets are steady but downward-trending, with some price adjustments, and propylene demand is weakening due to lower cost support from epoxy propylene.

Outlook

The overall outlook is bearish, with prices expected to remain weak due to supply concerns, demand slowdown, and inventory pressures. The combination of falling crude prices and basic face weaknesses supports further downward movement in prices.