Shenhua Auction: Lower starting prices and futures volatility drive volume, yet market conviction lags

06 Jul 2026 Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, recorded a surge in sales during today’s auction, driven by a strategic reduction in starting prices despite late-session volatility in Dalian Commodity Exchange (DCE) futures.

06 Jul 2026

Post-war premium unwinds as deep-sea influx drags Vietnamese LDPE Film market to fresh lows

The Vietnamese LDPE film import market is experiencing an intense downward correction, completely unwinding the war-risk premiums built up during the Hormuz Strait crisis.

06 Jul 2026 BOPP PP Coat PP Non-woven PPH Fibre PPH Film PPH Inj PPH Raf PPH Thermo PPH Thinwall

Indonesia’s major moves early to secure Q3 sales as price erosion deepens

Selling at the revised levels would result in substantial losses, prompting most distributors to resist matching the producer's official prices for immediate delivery.

06 Jul 2026 LL C4 Film PPH Raf

China Morning Snapshot - 06 July 2026

More buyers actively sought out the latest offer levels, and local sellers responded by raising quotations modestly to test market acceptance.

03 Jul 2026

Shenhua Auction: Rebounding DCE futures lift sales, but buyers remain cautious

The stronger auction results nevertheless offered a modest boost to market confidence after recent weakness.

03 Jul 2026

China Morning Snapshot - 03 July 2026

The firmer futures prompted domestic sellers to raise offers, although downstream buyers largely stayed on the sidelines ahead of the weekend.

02 Jul 2026 LL C4 Film PPH Raf

Shenhua Auction: Plunging crude and local spot discounts paralyse the physical floor

A continued erosion of the Middle East geopolitical risk premium dragged global crude benchmarks to multi-month lows on Thursday, forcing Dalian paper markets into a deeper retreat. The Shenhua physical floor subsequently froze as the producer's unchanged auction baselines collided with aggressive discounting from local spot sellers.

02 Jul 2026

Saudi major cuts July PE offers to Vietnam by up to $90/t to reset market floor

Facing four months of absence that allowed Chinese material to entrench itself across one of its key export markets, a major Saudi Arabian producer has moved decisively to reclaim share

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