23 Jun 2025
Strong gains in regional markets added upward momentum, yet the scale of this week's hikes—mostly limited to IDR 170,000/ton ($10/ton)—suggested a cautious pricing approach
The domestic spot market opened the week on a tentative footing, with buyers largely sidelined to gauge the potential fallout from escalating Middle East tensions.
20 Jun 2025
By the time of writing, the producer had sold out all July allocations. A source close to the company noted robust demand
Shenhua wrapped up its final trading session of the week on a relatively firm note, though the sell-through rate for homo-PP slipped to 77% following a modest CNY 40/ton increase in the auction starting price.
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.
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