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Shenhua Auction: Buyers kept to the sidelines in spite of appealing auction prices
18 Mar 2025 The weak performance of the Shenhua Auction Platform reflected persistent sluggishness in the domestic spot market. A lack of confidence in the near-term outlook kept buyers on the sidelines, even as current price levels appeared increasingly attractive.
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18 Mar 2025

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Shandong Yulong Auction: Divergent trends persisted as demand for LLDPE faltered

Industry sources indicate that the sustained strength in PP deals is driven by trading houses aggressively procuring cargo for exports. Local buyers, however, largely refrained, as the prevailing auction deal prices are unviable for the domestic spot market.
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18 Mar 2025

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China Morning Snapshot – 18 March 2025

Chinese sellers are resisting further price cuts, even as declining futures contracts and weak demand exert increasing pressure. With profit margins already razor-thin, petrochemical producers have little room to make significant downward adjustments.
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17 Mar 2025

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Shenhua Auction: Auction sales dwindle, mirroring subdued futures sentiments

The Shenhua Auction Platform opened on a steady note, initially reflecting a modest rebound in early-session trading on the Dalian Commodity Exchange. However, buying interest turned increasingly cautious as futures performance softened toward the mid-day break.
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17 Mar 2025

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Shandong Yulong Auction: LLDPE Sales surge on strategic discounts, while PP demand holds solid

The Shandong Yulong auction platform closed with strong sales, registering solid performance across most grades. The day’s active trading was driven by the producer’s strategic pricing adjustments
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17 Mar 2025

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Malaysian producer hiked LDPE prices in Vietnam for the second straight month on tight supply

Meanwhile, the producer has abstained from offering HDPE cargoes to Vietnam for the fourth straight month, citing intense competition and unsustainable margins.
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17 Mar 2025

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Chinese PP suppliers cut export offers as domestic market hits 13-month low

This drop, which interrupted a three-week period of relative stability, pushed prices back to levels last seen in early February 2024. Market sentiment remains bearish, with little optimism for a near-term recovery.
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17 Mar 2025

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China Morning Snapshot – 17 March 2025

The spot market opened the week on a stable-to-softer trajectory, mirroring trends on the futures market. However, buyers remained hesitant to make substantial purchases, constrained by weak end-product demand.
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