Shenhua Auction: Multi-year futures highs drive near-full clearance as spot buyers absorb firm hikes

Extended gains on the Dalian Commodity Exchange (DCE) since Friday's night session propelled buying momentum at Shenhua Baotou Coal Chemical Co.'s Monday morning auction, with PP futures breaking above the CNY 10,000/ton threshold for the first time since October 2021 and LLDPE futures reaching a fresh peak last seen in March 2022.