07 Aug 2025
Despite the slight retreat in futures, domestic spot markets showed little immediate reaction.
06 Aug 2025
Trading activities on the Shenhua Auction Platform remained resilient on Wednesday, underpinned by continued firming futures contracts and a general uptick in domestic spot prices.
The move has sent prices to their lowest point in two years, underscoring persistent demand weakness and improved supply availability across key markets.
Buyers have shown cautious interest in restocking, yet the lack of confidence in downstream demand deterred any meaningful stockpiling, even at multi-year low prices.
In the physical market, spot offers for both PP and LLDPE were lifted by CNY 50/ton in response to the bullish cues from futures.
05 Aug 2025
The impending restart of one of Southeast Asia’s largest integrated polyolefins complexes is widely expected to exacerbate supply-side pressures
Players are closely watching whether Shenhua’s prices can hold firm above this level in the coming sessions, which could serve as a signal of potential stabilization
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