Shandong Yulong Auction: Discounts supported transactions; LLDPE fetched better demand than PP
In contrast, LLDPE film drew firmer demand, supported by seasonal requirements from the agricultural film sector and tighter import arrivals
|
Product |
Auction Volume |
Deal Volume |
Auction Prices |
Deal Prices |
Deal % |
||
|
CNY/ton |
USD/ton |
CNY/ton |
USD/ton |
||||
|
Combined and reported by CommoPlast |
|||||||
|
PPH Yarn (FD) |
3300 |
900 |
6940 |
$860 |
6940-6970 |
$860-864 |
27.3% |
|
PPH Yarn (EXW) |
1800 |
450 |
6890 |
$854 |
6890-6910 |
$854-856 |
25.0% |
|
PPH Inj (EXW) |
180 |
0 |
6950 |
$861 |
- |
- |
0.0% |
|
PPH Film (EXW) |
300 |
0 |
6950 |
$861 |
- |
- |
0.0% |
|
PPH Film (FD) |
600 |
0 |
6940 |
$860 |
- |
- |
0.0% |
|
PPRC (EXW) |
405 |
0 |
7600 |
$942 |
- |
- |
0.0% |
|
PPRC (FD) |
900 |
90 |
7570 |
$938 |
7570 |
$938 |
10.0% |
|
PPBC (FD) |
1500 |
240 |
7080 |
$878 |
7080 |
$878 |
16.0% |
|
PPBC (EXW) |
1005 |
354 |
7000 |
$868 |
7000-7030 |
$868-871 |
35.2% |
|
HD Film (FD) |
2100 |
120 |
7420 |
$920 |
7470-7560 |
$926-937 |
5.7% |
|
HD Blow (EXW) |
1548 |
117 |
7200 |
$892 |
7200-7260 |
$892-900 |
7.6% |
|
HD Blow (FD) |
600 |
30 |
7320 |
$907 |
7320 |
$907 |
5.0% |
|
HD Yarn (EXW) |
786 |
27 |
7520 |
$932 |
7620 |
$944 |
3.4% |
|
HD Yarn (FD) |
900 |
360 |
7570 |
$938 |
7570 |
$938 |
40.0% |
|
LL Film (EXW) |
1020 |
630 |
7250 |
$899 |
7250-7320 |
$899-907 |
61.8% |
|
LL Film (FD) |
1200 |
1080 |
7270 |
$901 |
7270-7290 |
$901-904 |
90.0% |
|
mPE (EXW) |
510 |
30 |
7890 |
$978 |
7890 |
$978 |
5.9% |
|
mPE (FD) |
300 |
0 |
7920 |
$982 |
- |
- |
0.0% |
|
* 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. |
|||||||
Shandong Yulong’s latest auction for PP and PE registered stronger participation than in the previous round, with LLDPE emerging as the relative bright spot.
Traders noted that improved buying interest was driven largely by discounted offers, as auction prices fell by CNY20-60/ton compared with the last session. The lower levels encouraged some need-based replenishment, though sentiment remained uneven across grades.
PP transactions continued to lag amid ample domestic supply and subdued export sales, a combination that has kept near-term outlook under pressure. In contrast, LLDPE film drew firmer demand, supported by seasonal requirements from the agricultural film sector and tighter import arrivals, particularly from the US, where cargoes have been redirected to alternative destinations.
Even so, traders noted that firmer price levels are not widely accepted and buying tends to materialise only when discounts are offered. The high deal closure for LLDPE film at sizable volumes may signal a gradual pickup in seasonal demand heading into winter, though the broader market remains wary.
Written: Kat Yun Yun
Edited: Farid Muzaffar