Following robust sales in Southern China on the previous day, Chinese producers raised spot LLDPE film prices by CNY 50/ton, despite the downturn in futures contracts. However, trading sentiment softened as buyers stepped back to finalize their recent purchases.
Trading sentiment on the Shenhua auction platform ended on a strong note, defying the softening trend in PP and PE futures on the Dalian Commodity Exchange. Demand for LLDPE remained robust, with buyers undeterred by a CNY 50/ton price increase
An influential Indonesian petrochemical producer has announced new weekly spot PP and PE offers to the domestic market, maintaining prices at stable to slightly higher levels despite the appreciation of the Rupiah against the US dollar.
The Shenhua auction platform closed on a strong note on the first trading day of the month, supported by a rebound on the Dalian Commodity Exchange. Chinese buyers showed robust interest in homo-PP following the appearance of a low-price cargo that was not available in the previous session.