Although Shandong Yulong’s auction platform continued to see elevated uptake rates, bidders settled deals at lower levels, reflecting caution in both the spot market and the Dalian Commodity Exchange. In the spot market, discounts had been required to stimulate buying, prompting traders to mitigate pricing risks during restocking.
The LLDPE segment continued to underperform PP on the Shenhua Auction Platform, even after a recovery in the futures market. This contrast echoed trends in the spot market, where LLDPE prices remained in decline for a 14th week
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.