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News Insight & Analysis

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China Morning Snapshot – 25 March 2024
25 Mar 2024 Despite the persistent weakening futures contracts, local suppliers opted to maintain spot PP and PE offers stable, fetching the support from the depreciating Yuan against the US dollar.
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25 Mar 2024

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25 March 2024 - Shenhua's coal-based PP and PE Auction Results

The concluded volume on the Shenhua Auction Platform were higher today compared to Friday’s session for all grades, however, dealt prices for PP and LLDPE were lower by CNY20 – 70/ton.
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22 Mar 2024

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Key local producer in Indonesia slashes PE offers to counterbalance sluggish demand

In contrast to the firm stance from the maker, Indonesian traders started cutting prices right after the government announced the abolishment of the import quota system on 8 March 2024.
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22 Mar 2024 SPVC k67-68 SPVC (A) k67-68

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Chinese PVC market inches higher on supply concerns, rising futures contracts

A rebounded key futures contract on the Dalian Commodity Exchange in addition to the rising energy complex supported the firming trend, yet market participants are not convinced that this uptrend could be sustained.
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22 Mar 2024

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China Morning Snapshot – 22 March 2024

Following several days of rapid stock liquidation, Sinopec and CNPC witnessed the first inventory buildup during a trading day this week as both makers see a 5,000 tons increase in stocks
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22 Mar 2024

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22 March 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform concluded weaker in comparison to yesterday’s trading session, mirroring the softer note on the Dalian Commodity Exchange.
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21 Mar 2024

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Malaysian PE continued to gallop higher in Vietnam on limited supply

A key Malaysian producer reportedly opened April PE shipment offers with a $40/ton increase from the previous month for LDPE cargoes while rolling over the price list for HDPE.
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21 Mar 2024

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Chinese PET bottle extended the firming trend on strong energy market, improved demand

For the second week in a row, key Chinese PET bottle suppliers lifted export offers following the rally in the energy complex and signs of an uptick in demand
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