Shandong Yulong Auction: Limited PP cargoes remain as month-end nears; buying interest still weak
Shandong Yulong’s latest auction on Thursday featured only PP cargoes, with trading activity muted as the producer’s October allocations neared completion. Market sentiment remained subdued amid persistent caution ahead of key macro events, including the upcoming US–China trade discussions.
PPBC Inj PPRC Inj PPH Inj PPH Raf
Shandong Yulong’s latest auction on Thursday featured only PP cargoes, with trading activity muted as the producer’s October allocations neared completion. Market sentiment remained subdued amid persistent caution ahead of key macro events, including the upcoming US–China trade discussions.
|
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) |
1200 |
150 |
6550 |
$816 |
6590-6620 |
$821-825 |
12.5% |
|
PPBC inj (FD) |
1200 |
150 |
6720 |
$838 |
- |
- |
0.0% |
|
PPRC inj (FD) |
600 |
0 |
7300 |
$910 |
- |
- |
0.0% |
|
* 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. |
|||||||
Trading during the session was largely inactive, with only a few homo-PP yarn parcels finding buyers, while copolymer grades drew no interest. Participants noted that the offered prices were broadly in line with prevailing spot levels but failed to ignite demand.
“Even discounted domestic spot offers this morning struggled to draw interest,” said a local trader. “Market confidence remains weak, and most players prefer to observe external developments before committing.”
The lackluster outcome reinforced the bearish tone across the PP market, as converters continued to operate at low rates and maintain lean inventories. With most of Yulong’s October quotas nearly sold, market attention is now turning to the producer’s early-November allocations and potential signals of price direction in the next trading round.
Written: Kat Yun Yun
Edited: Aiman Haikal