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China Morning Snapshot – 19 March 2025
19 Mar 2025 Official data earlier this week indicated retail sales grew by 4% in the January–February period, suggesting some effectiveness in the government’s consumption-boosting measures.
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18 Mar 2025 SPVC k67-68

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Taiwanese PVC producer cuts April offers as demand slumps across Asia

Besides the attractive pricing, Indian market participants also attributed the revived purchasing sentiment to the fact that this could be the final buying cycle before the traditional seasonal slowdown from June to July.
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18 Mar 2025

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Shenhua Auction: Buyers kept to the sidelines in spite of appealing auction prices

The weak performance of the Shenhua Auction Platform reflected persistent sluggishness in the domestic spot market. A lack of confidence in the near-term outlook kept buyers on the sidelines, even as current price levels appeared increasingly attractive.
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18 Mar 2025

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Shandong Yulong Auction: Divergent trends persisted as demand for LLDPE faltered

Industry sources indicate that the sustained strength in PP deals is driven by trading houses aggressively procuring cargo for exports. Local buyers, however, largely refrained, as the prevailing auction deal prices are unviable for the domestic spot market.
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18 Mar 2025

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China Morning Snapshot – 18 March 2025

Chinese sellers are resisting further price cuts, even as declining futures contracts and weak demand exert increasing pressure. With profit margins already razor-thin, petrochemical producers have little room to make significant downward adjustments.
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17 Mar 2025

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Shenhua Auction: Auction sales dwindle, mirroring subdued futures sentiments

The Shenhua Auction Platform opened on a steady note, initially reflecting a modest rebound in early-session trading on the Dalian Commodity Exchange. However, buying interest turned increasingly cautious as futures performance softened toward the mid-day break.
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17 Mar 2025

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Shandong Yulong Auction: LLDPE Sales surge on strategic discounts, while PP demand holds solid

The Shandong Yulong auction platform closed with strong sales, registering solid performance across most grades. The day’s active trading was driven by the producer’s strategic pricing adjustments
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17 Mar 2025

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Malaysian producer hiked LDPE prices in Vietnam for the second straight month on tight supply

Meanwhile, the producer has abstained from offering HDPE cargoes to Vietnam for the fourth straight month, citing intense competition and unsustainable margins.
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