Trading activity on the Shenhua Auction Platform remained stable despite persistent weakness in the futures market. The marginal increase of CNY 40/ton in LLDPE auction prices had minimal impact on overall transaction performance compared to the previous session.
While market response to the latest HDPE and LDPE offers has been tepid, the sharp cut in LLDPE supply has triggered a degree of panic buying. Given the maker’s position as Vietnam’s largest LLDPE supplier, the severe reduction in volume
Shenhua wrapped up today’s auction session on a strong footing, bolstered by the sustained strength of futures contracts on the Dalian Commodity Exchange. The coal-based producer’s decision to keep auction prices largely unchanged