Shenhua Auction: Futures pullback and firmer reserve floors slam liquidity as buyers dig in

Liquidity evaporated across Shenhua Baotou Coal Chemical Co.’s trading platform on Thursday, plunging to 29.2% for homo-PP yarn while PE offerings suffered total wipeouts, as firmer opening reserve floors collided with a retreating Dalian Commodity Exchange (DCE) and acute downstream resistance.