23 Oct 2025
Shenhua’s morning auction on Thursday achieved robust results, with PPH yarn and LLDPE film both recording near-full sell-through. The stronger performance reflected improved sentiment across the market
There have been market talks surrounding the production cuts at the plant due to persistent weak demand and the sanction issue that has affected its sales
Some local sellers raised offers by CNY50/ton from the previous day, though understandably the move was met with resistance from buyers.
22 Oct 2025
Similar to their regional peers, China’s naphtha-based PE producers continued to grapple with squeezed margins amid lacklustre demand and high upstream feedstock costs.
Shenhua’s latest auction saw stronger participation compared with the previous session, led by near-full clearance in LLDPE film and improved PPH yarn transactions.
Converters held back large purchases amid uncertainty over the sustainability of the crude oil price recovery.
22 Oct 2025 SPVC k67-68
However, buyers argued that soft demand in India — combined with the imminent implementation of anti-dumping duties (ADD) in that market — could prompt Chinese sellers to divert additional cargoes to Southeast Asia
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