Shenhua Auction: Deep reserve cuts reopen spot discount, lifting prime clearance despite soft futures

PP and LLDPE futures on the Dalian Commodity Exchange (DCE) extended their morning decline on Friday—shrugging off an overnight 2.7%–3.9% rebound in global crude oil—yet prime-grade clearance at Shenhua Baotou Coal Chemical Co.’s auction recovered to 76.1% overall across 1,200 tons offered.