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China Morning Snapshot – 27 February 2025
27 Feb 2025 Despite a firmer Dalian Commodity Exchange, the spot market maintained a softer trajectory as sellers looked to accelerate sales before the month’s close. This created favourable market conditions for buyers
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27 Feb 2025

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27 February 2025 - Shenhua's coal-based PP and PE Auction Results

In the LLDPE segment, discounts of up to CNY30/ton spurred buying interest, leading to a complete depletion of the day’s allocations. This marked the first sell-out since the start of the year, reflecting hints of potential post-holiday demand recovery.
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26 Feb 2025

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China Morning Snapshot – 26 February 2025

Tracking the weakness in Dalian futures, spot PP and PE markets softened, with suppliers offering marginal concessions of CNY50/ton. These adjustments reflected attempts to stimulate purchasing activity to tackle the stock accumulations
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26 Feb 2025

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26 February 2025 - Shenhua's coal-based PP and PE Auction Results

Shenhua's auction session concluded on a mixed note today, with transactions for homo-PP experiencing a sharp decline compared to the previous session. Market participants attributed the weaker performance to the downturn in the futures market
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25 Feb 2025

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China Morning Snapshot – 25 February 2025

Market participants largely attributed the sharp drawdown to routine month-end contractual obligations, compelling distributors to fulfil their committed purchases ahead of financial closing.
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25 Feb 2025

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25 February 2025 - Shenhua's coal-based PP and PE Auction Results

Trading activity on the Shenhua Auction Platform saw a modest rebound from the previous session, driven primarily by price reductions from the coal-based producer. Auction prices for LLDPE were lowered by CNY 10-90/ton in an effort to stimulate buying interest
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24 Feb 2025

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Saudi major raises march LLDPE film offers to Vietnam amid supply crunch

With supply constraints from key overseas producers persisting, expectations are growing that the uptrend will extend into the coming months. These concerns have fuelled buying activity in the local market over the past week
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24 Feb 2025

insight

China Morning Snapshot – 24 February 2025

Despite weakness in the futures market, domestic producers maintained steady spot offers, closely monitoring near-term supply dynamics. In the LLDPE sector, sellers remained alert to tightening import allocations amid supply constraints
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