Chinese homo-PP exporters adopted divergent pricing strategies this week, underscoring a fragmented response to a highly volatile market. While some sellers raised prices to offset exchange rate fluctuations, others opted for price cuts to secure transactions
Trading sentiment on the Shenhua Auction Platform deteriorated noticeably compared to the previous session, with LLDPE transaction volumes slipping below 40% by the close. Market sources attribute the decline primarily to the narrowing price gap between spot and auction prices
Shandong Yulong concluded its latest auction session with solid results, partly supported by the producer's responsive pricing strategy, with downward adjustments aimed at counterbalancing the prevailing weak sentiment in the domestic market.
With major futures contracts on the Dalian Commodity Exchange regaining momentum, Shenhua maintained auction prices for all available grades unchanged from the previous session. However, transactions were finalized at CNY 20–40/ton lower,
Shandong Yulong concluded today’s auction with unexpectedly strong purchasing activity despite higher price levels. Market participants attributed the robust demand to buyers' strategic efforts to establish relationships with the new supplier