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China Morning Snapshot – 20 March 2025
20 Mar 2025 Spot markets reflected movements in the futures sector, with homo-PP prices holding steady while LLDPE posted a CNY50/ton decline. Despite sluggish demand across both segments, homo-PP sellers pointed to ongoing plant shutdowns
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19 Mar 2025

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Shenhua Auction: Rigid pricing on LLDPE repels buyers from auction platform

Trading sentiment on the Shenhua Auction Platform remained largely unchanged as the week progressed, despite a rebound in the Dalian Commodity Exchange. Chinese buyers continued to show reluctance in securing additional cargoes
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19 Mar 2025

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Shandong Yulong Auction: Demand uptick sparked doubts on sustainability

Shandong Yulong managed to stimulate purchasing interest for its LLDPE film cargoes by adopting a more flexible pricing approach, particularly for parcels traded on an FD China basis.
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19 Mar 2025

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China Morning Snapshot – 19 March 2025

Official data earlier this week indicated retail sales grew by 4% in the January–February period, suggesting some effectiveness in the government’s consumption-boosting measures.
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18 Mar 2025 SPVC k67-68

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Taiwanese PVC producer cuts April offers as demand slumps across Asia

Besides the attractive pricing, Indian market participants also attributed the revived purchasing sentiment to the fact that this could be the final buying cycle before the traditional seasonal slowdown from June to July.
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18 Mar 2025

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Shenhua Auction: Buyers kept to the sidelines in spite of appealing auction prices

The weak performance of the Shenhua Auction Platform reflected persistent sluggishness in the domestic spot market. A lack of confidence in the near-term outlook kept buyers on the sidelines, even as current price levels appeared increasingly attractive.
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18 Mar 2025

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Shandong Yulong Auction: Divergent trends persisted as demand for LLDPE faltered

Industry sources indicate that the sustained strength in PP deals is driven by trading houses aggressively procuring cargo for exports. Local buyers, however, largely refrained, as the prevailing auction deal prices are unviable for the domestic spot market.
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18 Mar 2025

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China Morning Snapshot – 18 March 2025

Chinese sellers are resisting further price cuts, even as declining futures contracts and weak demand exert increasing pressure. With profit margins already razor-thin, petrochemical producers have little room to make significant downward adjustments.
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