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Shenhua Auction: Auction sales plummeted on trade war uncertainties, obliterating LLDPE demand
09 Apr 2025 Buyers on the Shenhua Auction Platform pulled back from procurement activity as they assessed the implications of the latest escalation in trade tensions, following the United States’ announcement of an additional 50% in tariffs
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09 Apr 2025

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China Morning Snapshot – 09 April 2025

Chinese PP sellers applied widespread discounts, aligning with the energy and futures markets which have been plummeting for days. However, buying activity remained muted
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08 Apr 2025

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Shenhua Auction: Futures recovery boosted uptake, but sectoral disparities remained

The Shenhua Auction Platform recorded a modest recovery in uptake rates, underpinned by a slight rebound on the Dalian Commodity Exchange. However, divergent spot market conditions continued to shape buyer behaviour across auction segments.
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08 Apr 2025

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Shandong Yulong Auction: Tactical cuts trigger robust sell-throughs, but concerns over the LLDPE segment linger

Shandong Yulong’s auction platform recorded a significant improvement in sales performance compared to the previous auction session, supported by shrewd promotional strategies.
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08 Apr 2025 PET Bottle

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Chinese PET bottle market nosedived in a kneejerk reaction to tariff turmoil

Triggered by falling crude oil benchmarks and weak futures performance, the domestic market saw an aggressive downward correction. Yet, unlike other petrochemical segments, the steep price declines rekindled buying interest
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08 Apr 2025

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China Morning Snapshot – 08 April 2025

The price cut, coupled with growing anxiety over rising upstream propane costs, encouraged distributors to make new purchases in anticipation of higher restocking costs once the tariff situation stabilises.
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07 Apr 2025

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Tariff turmoil: Futures crash, but China’s petchem losses remain contained

While futures on the domestic commodity exchange plunged, spot markets saw more restrained declines as sellers adopted a cautious approach, opting to monitor the evolving macroeconomic landscape before adjusting offers.
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07 Apr 2025

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Shenhua Auction: Sales on Shenhua Auctions nearly froze as the futures market crash eroded buyers confidence

The Shenhua Auction Platform saw minimal procurement activity, mirroring an intraday futures market crash—down 1.25% for PP and 3.08% for LLDPE. Escalating US-China trade frictions remained central to buyer concerns
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