Shandong Yulong Auction: HDPE sees selective uptake amid LLDPE absence
Shandong Yulong’s latest PP and PE auction saw modest improvements in deal volumes, underpinned primarily by need-based purchases.
|
Product |
Auction Volume |
Deal Volume |
Auction Prices |
Deal Prices |
Deal % |
||
|
CNY/ton |
USD/ton |
CNY/ton |
USD/ton |
||||
|
Combined and reported by CommoPlast |
|||||||
|
PPH Yarn (FD) |
1620 |
300 |
6900 |
$858 |
6900 |
$858 |
18.5% |
|
PPH Yarn (EXW) |
531 |
141 |
6820 |
$848 |
6870-6890 |
$854-856 |
26.6% |
|
PPH Inj (EXW) |
270 |
0 |
6830 |
$849 |
- |
- |
0.0% |
|
PPH Film (EXW) |
600 |
0 |
6890 |
$854 |
- |
- |
0.0% |
|
PPH Film (FD) |
600 |
0 |
6900 |
$858 |
- |
- |
0.0% |
|
PPH Film (EXW) |
600 |
0 |
6890 |
$856 |
- |
- |
0.0% |
|
PPRC (EXW) |
270 |
54 |
7450 |
$926 |
7450 |
$926 |
20.0% |
|
PPRC (FD) |
1020 |
0 |
6970 |
$866 |
- |
- |
0.0% |
|
PPBC (FD) |
900 |
30 |
7030 |
$874 |
7030 |
$874 |
3.3% |
|
PPBC (EXW) |
870 |
0 |
6950 |
$864 |
- |
- |
0.0% |
|
HD Film (EXW) |
1110 |
420 |
7290 |
$906 |
7290-7390 |
$906-919 |
37.8% |
|
HD Film (FD) |
3000 |
30 |
7370 |
$916 |
7370 |
$916 |
1.0% |
|
HD Blow (EXW) |
1800 |
30 |
7160 |
$890 |
7160 |
$890 |
1.7% |
|
HD Blow (FD) |
900 |
30 |
7310 |
$909 |
7310 |
$909 |
3.3% |
|
HD Yarn (FD) |
900 |
60 |
7290 |
$906 |
7290 |
$906 |
6.7% |
|
mPE (EXW) |
600 |
60 |
7840 |
$974 |
7840 |
$974 |
10.0% |
|
* Auction and Deal volumes are in tonnage * All USD equivalent prices only exclude the 13% value-added tax (VAT). They have not taken into account other costs that might incur in the selling process, i.e. import duty, customs clearances. |
|||||||
Shandong Yulong’s latest PP and PE auction saw modest improvements in deal volumes, underpinned primarily by need-based purchases. Transactions were modest and concluded at the low-end prices, with HDPE grades maintaining a clear premium over LLDPE, reflecting structural demand differences between key PE categories.
HDPE film attracted selective interest, particularly from southern converters, whose packaging operations are running above 80% utilisation amid ongoing end-product orders.
LLDPE film was not offered in this session, as the producer focused on ongoing specification adjustments. Market sources indicated that the technical documentation is still being finalised, and cargoes are expected to become available in forthcoming auctions.
Production updates provided additional context for market participants. Yulong’s No. 1 HDPE plant was briefly shut on 6 September, while the No. 2 HDPE plant was halted on 1 September.
“The HDPE outages were linked to grade switching and were brief, but with full-line operations planned by October, supply pressure may emerge post-holiday,” a market source commented.
Overall, the session highlights a cautious market environment. While HDPE continues to attract selective interest, broader activity remains constrained, PP demand stays subdued, and LLDPE remains temporarily absent from the auction. Traders will be closely monitoring upcoming sessions for potential supply adjustments and shifts in downstream buying patterns.
Written: Kat Yun Yun
Edited: Aiman Haikal