Nonetheless, fundamental weaknesses persisted in the wider freight market, particularly after a year-on-year expansion in fleet capacity. On the Asia — Europe lane, rates fell below 2024’s floor as the market entered a seasonal lull.
Despite early gains in major PP and LLDPE contracts on the Dalian Commodity Exchange, expectations for strong sales at the Shenhua Auction Platform fell short. Market participants were left disappointed as transaction volumes remained subdued,
As April trading commenced on the Shandong Yulong auction platform, market fundamentals remained largely unchanged. Demand for PP remained robust, while LLDPE continued to face weaker buying interest.