20 Jun 2025
Shenhua wrapped up its final trading session of the week on a relatively firm note, though the sell-through rate for homo-PP slipped to 77% following a modest CNY 40/ton increase in the auction starting price.
If confirmed, the upcoming adjustments would break a two-month downtrend that dragged local prices to multi-month lows.
Cautious sentiment dominated trading, with both buyers and sellers maintaining a wait-and-see approach as tensions in the Middle East continue to escalate.
19 Jun 2025
Trading sentiment on the Shandong Yulong auction platform remained subdued on Thursday, as resilient futures contracts and rising crude oil prices did little to lift procurement enthusiasm.
Shenhua Auction: Drastic drop in LLDPE auction volume sparked market concerns
Despite lukewarm purchasing interest, domestic producers continued to lift spot PP and PE prices, driven by expectations of a sustained upward trend in the weeks ahead.
Buyer hesitation stems largely from the Malaysian government’s recent announcement of a wide-reaching expansion to the Sales and Services Tax (SST),
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