Shandong Yulong’s auction platform recorded a robust performance as buyers continued turning to the producer to diversify sourcing channels. Reflecting buyers’ keen interest, LLDPE film on EXW terms saw 100% digestion
Chinese suppliers, meanwhile, have been cautious in adjusting export offers, relying on declining freight rates to maintain competitiveness. However, with domestic demand in China remaining sluggish, sellers are expected to continue prioritising exports.
Trading sentiment on the Shenhua Auction Platform weakened further, weighed down by sharp losses on the Dalian Commodity Exchange. In response, the coal-based producer lowered auction prices for both homo-PP and LLDPE by CNY30/ton from the previous session.