Shenhua’s first trading session of the week closed on a lackluster note, falling short of market expectations despite a significant reduction in auction volume. Declines in futures contracts on the Dalian Commodity Exchange discouraged arbitrage traders from purchasing coal-based parcels, resulting in subdued activity on the Auction Platform.
As the National People’s Congress wraps up, concerns are mounting over whether policymakers will enact more substantial interventions to stabilize the housing market and, by extension, support the PVC industry.
Speculation is building over whether Indian buyers will move to secure additional overseas shipments before the potential duties come into effect. However, many importers are reportedly holding back from panic buying
The Shenhua auction platform closed today with mixed results. Chinese buyers showed notable interest in PP, though purchases remained restricted to immediate needs, reflecting continued uncertainty about current market conditions.
Chinese buyers were notably active in today’s market, with Shenhua’s auction session ending on a strong note. This performance comes despite declining key futures contracts on the Dalian Commodity Exchange and a CNY 50/ton increase in coal-based LLDPE film cargo prices.