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News Insight & Analysis

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China Morning Snapshot – 02 April 2024
02 Apr 2024 The rapidly reducing inventory pressure coupled with the resilient futures market support local suppliers to lift spot PP and PE offers further.
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02 Apr 2024

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Asian market participants discuss May PVC market outlook, anticipating minor increases

The bullish expectation is not unfounded. Players are taking into account a series of potential factors that could support the continued firming trend that emerged this week.
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02 Apr 2024

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02 April 2024 - Shenhua's coal-based PP and PE Auction Results

It was noted that most activity came from local traders sourcing hand-to-mouth inventories and the preferred material was homo-PP as it was CNY100-150/ton ($14-21/ton) lower than the local cargoes.
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01 Apr 2024

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Saudi Aramco cuts April propane prices for the first time in eight months

For the first time since August 2023, Saudi oil and gas giant – Saudi Aramco cuts contract propane and butane prices to Asia for April loading on the backdrop of a lingering supply tightness
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01 Apr 2024

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Price List: Zhongjing surprisingly cuts export PP offers by $5/ton

China’s Zhongjing Petrochemical surprisingly down-adjusted export PP offers by $5/ton amid a revived local market and the constant claim of being free from sales pressure.
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01 Apr 2024 HD Film

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Local HDPE film market regains premium over LLDPE film as maintenance season curtails availability

After six consecutive weeks of climbing, the local HDPE film market finally regained the premium over the LLDPE film market thanks to the tightening supply condition that stemmed from a series of local plant shutdowns in March and April.
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01 Apr 2024

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Indonesian PP and PE market mixed as buyers embrace the holiday mood

Over the weekend, a major producer in Indonesia reportedly opened fresh PP and PE offers to the local market at varying price points compared to the previous week. It is the third time in three weeks that homo-PP, LLDPE and HDPE were marked down
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01 Apr 2024

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China Morning Snapshot – 01 April 2024

Key PP and LLDPE contracts on the Dalian Commodity Exchange kickstarted the week on a strong note thanks to the bullish manufacturing data that signalled the recovery of the Chinese economy.
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