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Market Wrap Daily Polyolefins Market

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Daily Market Wrap – SEA – 27 September 2022
On the second trading day of the week, it becomes clear that the regional PP market has now embark on a price correction period. The silver lining is that buyers responded positively toward cargoes priced at the lower end of the overall price range.
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27 Sep 2022

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Daily Market Wrap – China – 27 September 2022

The latest offers indicate that the recent uptrend has lost steam. Weak Yuan makes imports more expensive, especially when the local market could not increase quickly enough to cover the costs.
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26 Sep 2022

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Daily Market Wrap – SEA – 26 September 2022

Import offers are limited on the first trading day of the week. Major producers opened October shipment offers in the previous weeks are still in the negotiation process to close deals. Apparently, the $90-100/ton dive in ethylene costs just make it more difficult for sellers to convince customers to accept the new prices.
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23 Sep 2022

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Daily Market Wrap – SEA – 23 September 2022

Toward the weekend, Vietnamese customers abruptly return to the market to make replenishment for homo-PP, though prices remained the biggest concern. In fact, most transactions observed are below the $1050/ton threshold, based on CIF term.
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23 Sep 2022

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Daily Market Wrap – China – 23 September 2022

Regardless of the dwindling Dalian Commodity Exchange, major domestic producers decided to lift spot PP and PE offers by CNY50/ton from the previous session in order to reflect the depreciation of the Chinese Yuan. Purchasing activities fell sharply from the previous day, highlighting the resistance building in the local market.
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19 Sep 2022

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Daily Market Wrap – SEA – 19 September 2022

On the other hand, many customers are planning to skip purchasing HDPE film cargoes this round. According to Vietnamese buyers, Long Son Petrochemical has started sending on-spec HDPE film cargoes to several manufacturers for testing,
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19 Sep 2022

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Daily Market Wrap – China – 19 September 2022

Buyers are not active in securing additional cargo even though sellers were really looking forward to some pre-holiday replenishment activities within this week. Two key trading houses in the country reported having sold about 17,000 tons of both PP and PE, which is merely half of the usual quantity.
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14 Sep 2022

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Daily Market Wrap – China – 14 September 2022

Initial responses from the market are weak. Evidently, Middle Eastern LDPE film cargoes are under a lot of pressure amid the presence of ample and competitive USA materials.
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