Shandong Yulong’s auction platform recorded divergent uptake rates, underscoring the persistent underperformance of LLDPE relative to PP. This disparity was further reflected in the Dalian Commodity Exchange
However, the sustainability of this uptrend remains uncertain. Sellers are taking a cautious approach, opting to monitor market dynamics before making any adjustments, particularly as the second-quarter maintenance season unfolds.
Shandong Yulong’s sales strengthened from the previous session, supported by a firmer futures market and the producer’s shrewd use of discounts. The uptick was most pronounced in the LLDPE segment
The Shenhua Auction Platform recorded stronger selling activity from the previous day, underpinned by a firm start in futures trading. However, bidding strategies remained prudent as buyers pointed to persistently weak demand across the broader domestic market.