22 Jul 2025
Trading sentiment on the Shandong Yulong Auction Platform remained broadly subdued compared to the previous session, with auction prices largely firmer than prevailing domestic spot levels
Even with CNY 50/ton discounts on LLDPE film cargoes, buying interest remained subdued.
21 Jul 2025 SPVC k67-68 SPVC (A) k67-68
The price gains have coincided with a rally in key PVC futures on the Dalian Commodity Exchange, which has extended into a six-week consecutive rise.
21 Jul 2025
Shenhua’s decision to keep auction starting prices largely unchanged from the previous Friday lent additional appeal to the offers, particularly in light of firming spot market sentiment.
The upward revision is most prominent in the PE segment, while the PP market saw modest adjustments. Notably, certain PP copolymer grades recorded reductions compared to the previous week.
The notice aims to clarify the condition of ageing infrastructure and to standardise assessment benchmarks, but market participants are awaiting further clarification—particularly on how “old” plants will be defined.
Most converters were observed to be cautious, implementing selective procurement rather than engaging in bulk purchases.
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