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News Insight & Analysis

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China Morning Snapshot – 16 August 2024
16 Aug 2024 Despite the declining futures contracts on the Dalian Commodity Exchange, trading sentiment in the domestic spot market remained resilient on the final trading day of the week.
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16 Aug 2024

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16 August 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded the final auction session of the week with notable success, as key grades such as homo-PP and LLDPE film secured over 80% of deals. However, this apparent strength in transactions is largely attributed to the significantly reduced auction quantities and softer auction prices for LLDPE film.
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15 Aug 2024

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China Morning Snapshot – 15 August 2024

In the import market, the continued weakness of the US dollar is expected to persist in the near term, offering a cost advantage to importers. However, the prevailing sentiment remains cautious.
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15 Aug 2024

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15 August 2024 - Shenhua's coal-based PP and PE Auction Results

The persistent lackluster results from recent auctions have prompted Shenhua to intensify its efforts in the offline market. Industry sources indicate that the producer is now more amenable to negotiations in the spot market, aiming to expedite the movement of excess inventory.
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14 Aug 2024

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Malaysian producer cut September PE offers to Vietnam; buyers shied away from unappealing price levels

A leading Malaysian producer has reduced its September PE shipment offers to Vietnam, reflecting the downtrend observed across Asia. Despite these cuts, the offers failed to attract immediate buying interest, with buyers criticizing the lack of competitiveness.
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14 Aug 2024

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China Morning Snapshot – 14 August 2024

Buyers in the agricultural film sectors showed a greater willingness to purchase additional LLDPE and LDPE film cargoes. In contrast, PP customers are steadfastly waiting for further price reductions, highlighting a stark contrast in market behavior.
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14 Aug 2024

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14 August 2024 - Shenhua's coal-based PP and PE Auction Results

Despite the firmness of the Dalian Commodity Exchange, Chinese bidders opted to decelerate their buying activities following an active replenishment session the previous day.
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13 Aug 2024

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China Morning Snapshot – 13 August 2024

The import market, on the other hand, remained subdued with no new direct offers from international suppliers. The escalating geopolitical tensions in the Middle East and Eastern Europe have prompted sellers to adopt a cautious stance.
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