Domestically, market sources reported a notable uptick in trading sentiment, though most transactions were concluded at the lower end of the price spectrum. The last instance of such robust restocking enthusiasm among Chinese buyers was in late December 2024, when spot prices hit historic lows.
Shandong Yulong’s auction platform recorded divergent uptake rates, underscoring the persistent underperformance of LLDPE relative to PP. This disparity was further reflected in the Dalian Commodity Exchange
However, the sustainability of this uptrend remains uncertain. Sellers are taking a cautious approach, opting to monitor market dynamics before making any adjustments, particularly as the second-quarter maintenance season unfolds.