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Shandong Yulong Auction: Discounts fail to lift demand beyond need-based buyingAmong the few active segments, LLDPE film attracted slightly more attention, though market participants noted that interest stemmed largely from small |
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Product |
Auction Volume |
Deal Volume |
Auction Prices |
Deal Prices |
Deal % |
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|
CNY/ton |
USD/ton |
CNY/ton |
USD/ton |
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|
Combined and reported by CommoPlast |
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|
PPH Yarn (FD) |
1350 |
360 |
7040 |
$868 |
7040-7080 |
$868-873 |
26.7% |
|
PPH Yarn (EXW) |
1335 |
27 |
7020 |
$865 |
7020 |
$865 |
2.0% |
|
PPH Inj (EXW) |
1632 |
0 |
6950 |
$857 |
- |
- |
0.0% |
|
PPH Film (EXW) |
600 |
0 |
7060 |
$870 |
- |
- |
0.0% |
|
PPH Film (FD) |
1710 |
120 |
7050 |
$869 |
7050 |
$869 |
7.0% |
|
PPBC (FD) |
1830 |
0 |
7100 |
$875 |
- |
- |
0.0% |
|
PPBC (EXW) |
1432 |
225 |
7130 |
$879 |
7150-7200 |
$881-887 |
15.7% |
|
HD Blow (EXW) |
1545 |
0 |
7300 |
$900 |
- |
- |
0.0% |
|
HD Blow (FD) |
900 |
0 |
7390 |
$911 |
- |
- |
0.0% |
|
HD Yarn (EXW) |
405 |
0 |
7650 |
$943 |
- |
- |
0.0% |
|
HD Yarn (FD) |
900 |
60 |
7700 |
$949 |
7700 |
$949 |
6.7% |
|
LL Film (EXW) |
960 |
0 |
7310 |
$901 |
- |
- |
0.0% |
|
LL Film (FD) |
2400 |
630 |
7300 |
$900 |
7300-7340 |
$900-905 |
26.3% |
|
mPE (FD) |
510 |
30 |
8020 |
$988 |
8020 |
$988 |
5.9% |
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* Auction and Deal volumes are in tonnage * All USD equivalent prices only exclude the 13% value-added tax (VAT). They have not taken into account other costs that might incur in the selling process, i.e. import duty, customs clearances. |
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Shandong Yulong’s latest auction for PP and PE drew a muted response, with only limited volumes concluded across grades. Among the few active segments, LLDPE film attracted slightly more attention, though market participants noted that interest stemmed largely from small, need-based replenishment rather than any tangible improvement in downstream demand.
According to a local source, auction prices for homo-PP and LLDPE were assessed at CNY20–50/ton below the previous session but still fell within the prevailing market range. “The offers lacked competitiveness, so overall concluded volumes remained weak. If sentiment does not improve soon, Yulong’s auctions will continue to face challenges in securing larger deals,” the source commented.
The lacklustre performance highlights the subdued buying appetite in the domestic PP and PE sectors. Even with minor discounts, sentiment has yet to shift, leaving auctions vulnerable to persistently low participation in the near term.
Written: Kat Yun Yun
Edited: Aiman Haikal
