A softening paper market and aggressive spot discounts severely fractured platform liquidity on Tuesday, supporting selective PP restocking while LLDPE concluded no deals amid fierce downstream resistance.
A strategic pivot to inject larger PE volumes onto the public auction floor was met with profound transactional apathy on Tuesday, as buyers bypassed rigid baselines in favour of flexible spot alternatives.
Shenhua’s latest auction cleared fully for both PP and LLDPE cargoes, supported by a firmer tone in Dalian Commodity Exchange 2605 contracts, which opened stronger after ending the previous week on a softer footing.