19 Jun 2025
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),
18 Jun 2025
Shenhua wrapped up today’s auction with a solid performance, fully placing all available volumes amid a bullish undertone reinforced by continued gains in futures contracts on the Dalian Commodity Exchange.
The rally, largely fuelled by fears of potential supply disruptions from Iran—a key supplier—has so far been met with a restrained demand-side response.
In the domestic spot market, prices moved in tandem with the firming Dalian futures, though sellers maintained a cautious stance, lifting PP and PE offers by a modest CNY 50/ton.
17 Jun 2025
Trading sentiment on the Shenhua Auction Platform showed signs of softening, particularly in the homo-PP segment, as buyers adopted a more cautious stance amid growing uncertainty
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