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![[daily] Daily Market Wrap – China – 27 June 2025](https://plixstar.com/wp-content/uploads/2022/10/logo-small-commoplast.jpg)
Trading activity was muted throughout the session. A major distributor confirmed only limited volumes were concluded, mostly small parcels, as downstream buyers cited ample inventories. [...]
However, buyer sentiment has turned notably more cautious amid heightened volatility in crude oil futures, which has undercut confidence across the downstream value chain. [...]
The pullback was exacerbated by a sharp correction on the Dalian Commodity Exchange, which further dampened buying appetite and prompted market players to retreat to the sidelines. [...]
Market players largely anticipate the current uptrend to carry forward into next week, barring any drastic shifts in regional risk or inventory dynamics. [...]
US-origin LDPE film and HDPE film re-entered the Chinese market after weeks of subdued interest, aided by shifting demand dynamics. [...]
The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 30 June 2025 settled as follows: [...]
This uptick met immediate buyer resistance, with traders citing subdued downstream demand and pressure from the Dalian Commodity Exchange as key deterrents. [...]
Under the old framework, importers were required to obtain fixed-quantity approvals from the government, often resulting in disruptions in procurement cycles [...]
Despite the mild rebound, both benchmarks posted their largest weekly drop since early 2023, driven largely by easing geopolitical risk following the ceasefire between Israel and Iran. [...]
Shenhua's auction results revealed buyers’ selective appetite under a market clouded by uncertainty. The sell-through rate for coal-based homo-PP fell to just above 77%, [...]
The outage began on 9 June after delays in starting up the upstream mixed-feed cracker curtailed ethylene supply [...]
The weakening key futures contracts on the Dalian Commodity Exchange coupled with the routine month-end closing weighed heavily on the domestic spot market. [...]
The move reflects lower geopolitical risks in the Middle East and a revival in US-China propane trade, both of which have eased upward price pressures. [...]
Despite the outage, NSRP has launched two spot tenders in June for on-spec homo-PP, according to updates on the producer’s official website. [...]
The uptrend added further strength to sentiment ahead of the weekend, though spot markets continued to lag behind. [...]
At least three Middle Eastern suppliers raised their offers, citing elevated risk premiums tied to the recent Iran-Israel conflict. However, price adjustments were modest [...]
Despite this pullback, sellers showed limited willingness to adjust offers, citing the still-elevated propylene feedstock costs and the potential for a swift crude rebound should geopolitical tensions reignite. [...]
Undeniably, with spot naphtha prices soaring more than 13% in a span of two weeks, Asian naphtha-based producers are facing intensified cost pressures [...]
With no signs of de-escalation in the Middle East and growing concerns over logistics security in the Strait of Hormuz, most Southeast Asian producers opted to suspend new offers [...]
While easing trade tensions between China and the US have brought some relief to the Chinese domestic market, Southeast Asia has yet to see similar benefits. [...]