The LLDPE segment continued to underperform PP on the Shenhua Auction Platform, even after a recovery in the futures market. This contrast echoed trends in the spot market, where LLDPE prices remained in decline for a 14th week
Nonetheless, fundamental weaknesses persisted in the wider freight market, particularly after a year-on-year expansion in fleet capacity. On the Asia — Europe lane, rates fell below 2024’s floor as the market entered a seasonal lull.
Despite early gains in major PP and LLDPE contracts on the Dalian Commodity Exchange, expectations for strong sales at the Shenhua Auction Platform fell short. Market participants were left disappointed as transaction volumes remained subdued,