20 Jun 2025
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),
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.
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