30 Jun 2025
This uptick met immediate buyer resistance, with traders citing subdued downstream demand and pressure from the Dalian Commodity Exchange as key deterrents.
The move reflects lower geopolitical risks in the Middle East and a revival in US-China propane trade, both of which have eased upward price pressures.
The weakening key futures contracts on the Dalian Commodity Exchange coupled with the routine month-end closing weighed heavily on the domestic spot market.
27 Jun 2025
Shenhua's auction results revealed buyers’ selective appetite under a market clouded by uncertainty. The sell-through rate for coal-based homo-PP fell to just above 77%,
The uptrend added further strength to sentiment ahead of the weekend, though spot markets continued to lag behind.
26 Jun 2025
In an uncharacteristic move, a key Taiwanese PVC producer has revised down its July shipment offers to Asia by $20/ton, just two days after announcing initial increases.
Shenhua saw a marked improvement in deal volumes this session, driven by a more aggressive pricing strategy and firmer cues from the futures market. PPH yarn posted an 80% deal rate, while HDPE film achieved a near sell-out.
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