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Shenhua Auction: Selling activity improved on strong futures opening, but bidding strategies remained cautious
26 Mar 2025 The Shenhua Auction Platform recorded stronger selling activity from the previous day, underpinned by a firm start in futures trading. However, bidding strategies remained prudent as buyers pointed to persistently weak demand across the broader domestic market.
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26 Mar 2025

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Shandong Yulong Auction: Deal volumes waned as month-end pressures mounted

The LLDPE film segment faced additional headwinds as demand from the agricultural film sector approached a seasonal plateau, expected in early April. A downturn in the futures market further pressured sentiment
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26 Mar 2025 GPPS Inj HIPS Inj

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Chinese PS declines further in Vietnam as weak upstream market saps buyer confidence

The Asian SM market has now been on a five-week losing streak, shedding approximately $90/ton since its cyclical peak in mid-February 2025
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26 Mar 2025

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China Morning Snapshot – 26 March 2025

Despite steady offers from producers—citing limited movement in Dalian futures—market scepticism persisted over a potential disconnect from underlying fundamentals.
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25 Mar 2025

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Shenhua Auction: PP sales edged up to solid, outperforming LLDPE

The Shenhua Auction Platform closed with mixed acceptance rates, maintaining the divergence between the PP and LLDPE segments. This disparity mirrored trends on the Dalian Commodity Exchange, where PP contracts continued to outperform LLDPE.
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25 Mar 2025

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Shandong Yulong Auction: Homo-PP yarn sales weakened as buyers rejected price hike

Resistance was particularly evident in the homo-PP yarn segment, where acceptance rates plummeted by 36% from the previous session. Market participants cited a widening disparity between auction and spot prices,
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25 Mar 2025

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Malaysian producer unexpectedly reduces LLDPE film offers despite tight supply

The decision has sparked intense debate among market participants, with buyers voicing concerns over the near-term price trajectory and broader market stability.
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25 Mar 2025

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China Morning Snapshot – 25 March 2025

On the domestic spot market, Chinese producers raised homo-PP offers by CNY 50/ton for the second consecutive session, underpinned by firm futures performance and rapid inventory drawdowns.
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