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China Morning Snapshot – 02 March 2023
02 Mar 2023 Both PP and LLDPE contracts ended the morning session with minor increases as the effect of the strong PMI result fades. Investors return the focus to the potentially higher interest rates from the FED
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02 Mar 2023

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02 March 2023 - Shenhua's coal-based PP and PE Auction Results

Shenhua has been rather mindful in setting prices for their coal-based cargoes, aiming to maintain an attractive price gap with the futures market to keep arbitrage traders active.
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01 Mar 2023

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Chinese homo-PP breached below $1050/ton in Vietnam on dormant market

Since the beginning of 2023, real demand in Vietnam has been relatively weak. Many woven bag makers continue to operate at reduced rates due to the lack of new orders
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01 Mar 2023

insight

China Morning Snapshot – 01 March 2023

Trading activities in the domestic spot market pick up significantly throughout the morning session, stimulated by the uptick in futures trading.
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01 Mar 2023

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01 March 2023 - Shenhua's coal-based PP and PE Auction Results

While key PP and LLDPE contracts on Dalian Commodity Exchange increase CNY50/ton, Shenhua keeps auction prices stable from the previous day, creating an attractive window to lure arbitrage traders back to make purchases.
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28 Feb 2023

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China Morning Snapshot – 28 February 2023

Compared to producers, Chinese traders are carrying more stocks, hence the pressure to sell is relatively intense.
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28 Feb 2023

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28 February 2023 - Shenhua's coal-based PP and PE Auction Results

Nevertheless, purchasing activities are not strong enough to deplete the available quantity, and judging by the remaining stocks on the month-end, it is clear that the demand condition is soft.
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27 Feb 2023

insight

Price List: Zhongjing Petrochemical steps back on export PP offers

Last week, the domestic market in China firmed up briefly on bullish expectations that the government would inject more stimulus to boost consumptions. The hype did not last.
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