Paring a brief period of stabilisation in the post-Lunar New Year period, the local LLDPE film market in China has been entrenched in a nearly three-month-long downtrend. Weighing the current supply-demand dynamic, market participants are not overly optimistic about the near-term outlook.
The Shenhua Auction Platform concluded the morning session with mixed results across polymer grades, aligning with divergent movements on the Dalian Commodity Exchange, where PP futures posted a stronger rebound compared to LLDPE.
Trading sentiment on the Shenhua Auction Platform remained largely unchanged as the week progressed, despite a rebound in the Dalian Commodity Exchange. Chinese buyers continued to show reluctance in securing additional cargoes