01 Jul 2025
Early reactions to the producer’s latest price list have been muted, with many participants calling current levels unworkable in light of prevailing sluggish market sentiment.
Despite spot discounts of CNY 50/ton, trading sentiment remains muted. Buyers continue to adopt a wait-and-see approach, reluctant to commit
30 Jun 2025
This uptick met immediate buyer resistance, with traders citing subdued downstream demand and pressure from the Dalian Commodity Exchange as key deterrents.
The move reflects lower geopolitical risks in the Middle East and a revival in US-China propane trade, both of which have eased upward price pressures.
The weakening key futures contracts on the Dalian Commodity Exchange coupled with the routine month-end closing weighed heavily on the domestic spot market.
27 Jun 2025
Shenhua's auction results revealed buyers’ selective appetite under a market clouded by uncertainty. The sell-through rate for coal-based homo-PP fell to just above 77%,
The uptrend added further strength to sentiment ahead of the weekend, though spot markets continued to lag behind.
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