While overall sentiment remained cautious, the sharp depreciation of the Vietnamese Dong against the US dollar offered short-term cost support, lending upward pressure to domestic prices despite muted buying interest.
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
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.
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