As April trading commenced on the Shandong Yulong auction platform, market fundamentals remained largely unchanged. Demand for PP remained robust, while LLDPE continued to face weaker buying interest.
In a bid to stimulate buying interest, the coal-based producer applied discounts of CNY 40/ton on LLDPE transactions and CNY 70/ton on homo-PP, with cargoes priced at the higher end of the range seeing the greatest price adjustments.