Nov 21, 2024 9:53 p.m.
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Market Wrap Daily Polyolefins Market

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Daily Market Wrap – SEA – 20 November 2024
A major Saudi Arabian producer has announced its December shipment offers for PE to Southeast Asia, implementing price reductions of $10-20/ton compared to the previous month – in line with the initial market expectations.
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21 Nov 2024

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Daily Market Wrap – China – 20 November 2024

Purchasing activity picked up to match the improving sentiment, driven largely by purchasers who had delayed restocking over the previous two days. However, buying did not extend far beyond the necessary
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20 Nov 2024

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Daily Market Wrap – SEA – 19 November 2024

In the PE market, key international suppliers are expected to announce December shipment offers in the coming days. However, buyers anticipate softer price levels due to downward pressure from depreciating local currencies and an increased influx of US cargoes, particularly in HDPE grades.
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20 Nov 2024

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Daily Market Wrap – China – 19 November 2024

In the LLDPE sector, optimism over the near-term outlook resurfaced after a brief cool-off at the start of the week. Traders once again refrained from offering discounts or large quantities, fearing heightened difficulties in restocking.
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19 Nov 2024

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Daily Market Wrap – China – 18 November 2024

Meanwhile, the import market fell under a strong influence of the currency exchange issue, which saw the Yuan depreciate 1.7% since the beginning of November 2024. New HDPE film offers from a major Thailand producer fell by $25/ton
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18 Nov 2024

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Daily Market Wrap – SEA – 18 November 2024

Southeast Asian buyers face a challenging market dynamic. Regional plant shutdowns are set to tighten the supply of non-dutiable cargoes, potentially supporting higher prices. At the same time, the weakening of local currencies against the US dollar is making imports more expensive.
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15 Nov 2024

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Daily Market Wrap – SEA – 14 November 2024

Anticipations of tightening regional supply continued to roil the Southeast Asian PP market toward the weekend. A tug-of-war between mediocre demand and the lack of inventory pressure on the seller’s side kept the market in a gridlock.
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15 Nov 2024

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Daily Market Wrap – China – 15 November 2024

Purchasing activity remained tepid as buyers refrained from committing at current levels, anticipating a supply surge in the near future. Multiple startups had been scheduled to come online between the present and the following quarter, continuing to raise concerns among buyers.
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