Shenhua Auction: Futures rebound lifts homo-PP deals, but local spot discounts cap buying

A morning rebound in Dalian Commodity Exchange (DCE) PP and LLDPE futures—following Thursday’s 3% crude oil surge—helped lift overall clearance at Shenhua Baotou Coal Chemical Co.’s Friday auction, up from Thursday. Even so, overall buying remained limited as most converters stayed on the sidelines ahead of next week.