In the LLDPE segment, discounts of up to CNY30/ton spurred buying interest, leading to a complete depletion of the day’s allocations. This marked the first sell-out since the start of the year, reflecting hints of potential post-holiday demand recovery.
Shenhua's auction session concluded on a mixed note today, with transactions for homo-PP experiencing a sharp decline compared to the previous session. Market participants attributed the weaker performance to the downturn in the futures market
Trading activity on the Shenhua Auction Platform saw a modest rebound from the previous session, driven primarily by price reductions from the coal-based producer. Auction prices for LLDPE were lowered by CNY 10-90/ton in an effort to stimulate buying interest
With supply constraints from key overseas producers persisting, expectations are growing that the uptrend will extend into the coming months. These concerns have fuelled buying activity in the local market over the past week