Dec 14, 2024 6:40 p.m.
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Market Wrap Daily Polyolefins Market

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Daily Market Wrap – China – 11 December 2024
In the export market, the outlook appears more optimistic, supported by declining shipping costs and the depreciation of the Yuan. Freight rates from China’s key ports to Southeast Asia have reportedly dropped by $10–20/ton compared to the previous week.
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11 Dec 2024

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Daily Market Wrap – SEA – 10 December 2024

The softness in the Southeast Asian homo-PP market became more pronounced on the second trading day of the week, particularly in Indonesia, as key regional and international suppliers adjusted their price lists to accommodate subdued demand.
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11 Dec 2024

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Daily Market Wrap – China – 10 December 2024

The local PE market softened as six consecutive sessions of declining futures contracts on the Dalian Commodity Exchange cast a pall over sentiment. Several LLDPE suppliers trimmed offers by CNY50/ton, even amid optimism that the market's uptrend could soon resume.
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10 Dec 2024

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Daily Market Wrap – SEA – 09 December 2024

Vietnamese buyers reported receiving fresh offers for homo-PP yarn from Chinese sellers, reflecting a $5-10/ton reduction compared to the previous week. However, no immediate transactions were recorded. A local trading house remarked
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10 Dec 2024

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Daily Market Wrap – China – 09 December 2024

In the import market, last week’s successful deals for LLDPE film grades did little to trigger a price recovery. After clearing substantial volumes of M1 and M2 bundles, a major Saudi Arabian producer reduced offers by $10/ton
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09 Dec 2024

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Daily Market Wrap – SEA – 06 December 2024

In Southeast Asia, the Indonesian import homo-PP market started showing signs of softening with new offers from key regional suppliers, including from Malaysia, India, and Vietnam, fell by between $5-20/ton week-on-week. The market continued to face pressure from persistently weak demand
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09 Dec 2024

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Daily Market Wrap – China – 06 December 2024

The HDPE and LDPE markets received some spillover support from the five-week uptrend in LLDPE film prices, with suppliers limiting discounts in anticipation of potential gains. However, attempts to push prices higher have met consistent resistance from buyers.
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06 Dec 2024

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Daily Market Wrap – China – 05 December 2024

However, LDPE film prices declined by CNY 50-100/ton, reaching a four-week low. The decline was attributed to softening demand from the agricultural film sector and improving domestic supply, with market sources expecting further weakness in the coming week.
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