09 Jul 2025
Trading sentiment on the Shenhua Auction Platform showed a visible uptick from the previous session, supported by a CNY 100/ton reduction in homo-PP auction prices and stronger performance on the Dalian Commodity Exchange.
Despite the rebound in futures trading and the drawdown in producer inventories, the domestic spot market remained largely static.
08 Jul 2025
The price adjustment helped stimulate higher deal volumes for key grades like PPH yarn and LLDPE film, though HDPE continued to see zero takers.
The subdued outcome was largely attributed to uncompetitive pricing, which failed to draw substantial interest amid the availability of more attractively priced materials on competing platforms.
08 Jul 2025 LD Film
Despite lingering concerns over availability, the recent price correction has yet to stimulate restocking activity, as buyers remain preoccupied with macroeconomic headwinds and weak downstream demand.
The market remained cautious in the wake of the US government’s tariff announcement targeting 14 trading partners, fuelling concerns over global economic headwinds.
07 Jul 2025
The CNY 50/ton markdown for homo-PP failed to spark stronger buying interest, suggesting that price corrections alone are insufficient to offset growing demand-side concerns.
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