29 May 2025
After several sessions of sluggish trading, Shenhua’s latest auction yielded relatively positive results, buoyed by a rebound in Dalian Commodity Exchange futures.
29 May 2025 PPH Raf
Sluggish domestic demand and the declining Dalian Commodity Exchange continued to weigh on the outlook, fuelling the continuous downward adjustments.
A firming crude oil market lent some support to sentiment, helping to slow the recent downward momentum.
28 May 2025
The latest auction session at Shenhua closed on a cautiously positive note for homo-PP grades, which saw a noticeable uptick in buying interest relative to the previous round.
While the overall conversion rate on the Shandong Yulong Auction platform improved marginally compared to the previous session, a closer examination by product grade reveals a more nuanced picture.
Domestic producers continue to closely track pricing cues from the Dalian Commodity Exchange. Homo-PP prices were largely unchanged, while LLDPE spot offers were reduced
27 May 2025
Despite Shenhua’s deliberate move to position auction prices below the psychological CNY 7,000/ton mark—an effort to entice buyers—the response was notably muted.
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