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News Insight & Analysis

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China Morning Snapshot – 27 April 2023
27 Apr 2023 Domestic spot PP and PE market moderately responded to the weakening Dalian Commodity Exchange as prices see just CNY50/ton reduction from the previous day.
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27 Apr 2023

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27 April 2023 - Shenhua's coal-based PP and PE Auction Results

The poor results for PP contracts are further proof of the market hesitance upon any price markups with homo-PP gaining CNY30/ton from the last session.
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26 Apr 2023

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China Morning Snapshot – 26 April 2023

Trading sentiment in the domestic spot market falls sharply throughout the first half of the day, which is very much expected taking into account the soft finished goods demand.
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26 Apr 2023

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26 April 2023 - Shenhua's coal-based PP and PE Auction Results

Since the month is drawing to a close, coupled with the fact that there is limited import arrival and availability, producers are holding a firmer stance on their prices, however market hesitance remains with customers taking need basis deals only.
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25 Apr 2023

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Malaysian PVC market gallops lower; buyers insist on bids below $800/ton mark

Following the new PVC price announcement from a key Taiwanese producer with a $60/ton dropped from the previous month, other Asian sellers rush to introduce additional discounts to retain their competitiveness.
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25 Apr 2023

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Import homo-PP market in Vietnam shows signs of softening amid swelling buyer resistance

This week, a couple of overseas sellers pioneers price cuts on import homo-PP offers to Vietnam – a clear sign that the persistently weak demand condition triumphs over all other factors.
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25 Apr 2023

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China Morning Snapshot – 25 April 2023

It is not a surprise that key domestic producers maintain a firm stance on spot PP and PE cargoes considering the rapid draw in inventories and the stabilising Dalian Commodity Exchange.
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25 Apr 2023

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25 April 2023 - Shenhua's coal-based PP and PE Auction Results

Trades on the Shenhua auction platform rose sharply on Tuesday, 25 April with LLDPE achieving 100% deals while homo-PP fell short of just 1.4% (or 40 tons) in completing its allocation.
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