02 Aug 2024
The Shenhua Auction Platform concluded the week with a notable dip in transactions, reflecting the volatility that marked the trading sessions. Despite a strong sales performance in the previous session, Shenhua’s decision to raise auction prices by CNY 40-50/ton backfired, leading to a sharp decline in buyer activity.
01 Aug 2024
The resurgence in the futures market has buoyed the domestic spot market, with new offers for August delivery rising by CNY 50/ton for both PP and PE cargoes from the previous day. However, the rush to secure materials seen in the previous session has notably subsided.
01 Aug 2024
For the second consecutive day, trading sentiment on the Shenhua Auction Platform remained robust, bolstered by resilient futures contracts on the Dalian Commodity Exchange. Supporting the strong auction results for both PP and PE was the coal-based producer's decision to keep auction prices stable from the previous day, despite rising futures and spot markets.
31 Jul 2024
Saudi oil and gas giant – Saudi Aramco has raised the official selling price for propane and butane to Asia amid tightening supply condition. The decision surprised the market as industry participants initially expected the producer to keep the offers stable
31 Jul 2024
For the first time in several days, trading sentiment in the local market saw a notable uptick, driven by a robust rebound on the Dalian Commodity Exchange. The resurgence of arbitrage traders stimulated buying activities, prompting converters to make at least some purchases.
31 Jul 2024
Shenhua successfully concluded its final auction session of July, buoyed by the rebound in futures contracts on the Dalian Commodity Exchange. The coal-based producer strategically offered discounts of CNY 30-50/ton on homo-PP and CNY 50/ton on LLDPE to entice customers, resulting in 100% of the auction volume being sold.
30 Jul 2024 LD Film LL C4 Film
The latest government subsidies targeted at the household appliances sector have failed to uplift market confidence. Instead, key LLDPE contracts on the Dalian Commodity Exchange extended their decline for the second session this week, further eroding confidence in the near-term outlook.
