Shenhua’s auction floor experienced a severe structural rejection on Tuesday as the macroeconomic tailwinds that drove Monday's near-total clearance rapidly evaporated.
The physical auction floor experienced a severe structural rejection on Tuesday, as heavily inflated starting blocks collided with a cooling macroeconomic environment.
The domestic Malaysian PE market has violently breached the MYR 7,000/ton threshold for HDPE film, a historic pricing peak not witnessed since the severe structural supply shocks of mid-2022, according to CommoPlast data.