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News Insight & Analysis

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Chinese PET bottle offers extended the weakening trend on timid demand
01 Dec 2022 The worsening COVID-19 outbreak in China prompted the government to implement strict control measures to break the infection chain, which also curtail demand for bottled beverages substantially.
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01 Dec 2022

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China Morning Snapshot – 01 December 2022

Chinese buyers remain generally cautious due to the volatile COVID-19 situations. Meanwhile, many converters are not having sufficient end-product orders, which might undermine the recent uptick in demand.
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01 Dec 2022

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01 December 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders remained active toward the weekend as the lifting of COVID controls in several districts in Guangzhou fueled expectations that the government would gradually do away from the Zero-Covid policy.
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30 Nov 2022

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Saudi producer sets final PE prices in Vietnam with substantial discounts, off-take remains dwindling

Following a couple of days of collecting bids from customers, a Saudi Arabia producer has set final PE prices for December loading to Vietnam with substantial reductions from the initial price list.
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30 Nov 2022

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Saudi Aramco lifted propane prices to Asia for the second straight month

Even though the demand from the downstream petrochemical sector remains sluggish, strong buying interest from energy generators supports the rebound.
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30 Nov 2022

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Local producer slashed December PP, PE offers drastically in Malaysia

A major Malaysian producer has opened December PP and PE offers to local buyers with drastic decreases from the previous month on the back of sluggish demand and heightened competition from the recently emerged cargoes from PrefChem.
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30 Nov 2022

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China Morning Snapshot – 30 November 2022

The domestic spot market inched CNY50/ton higher to reflect the firming trend on the Dalian Commodity Exchange, however, the real transactions are limited – a signal that buyers are resisting the higher prices.
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30 Nov 2022

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30 November 2022 - Shenhua's coal-based PP and PE Auction Results

Deal prices for all of the available grades are higher, with LLDPE jumping as much as CNY240/ton day-on-day, which signals the still strong demand for this grade.
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