Trading activity at Shenhua’s latest session was driven by the performance of both PP and LLDPE futures on the Dalian Commodity Exchange. Futures weakness weighed on overall sentiment, with buyers largely maintaining a wait-and-see stance despite steeper discounts.
Upstream developments have continued to play a defining role in market sentiment. The Chinese coal industry has faced tighter oversight since mid-year after excessive mining activity eroded margins and raised safety concerns.