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News Insight & Analysis

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Shenhua Auction: PP sales edged up to solid, outperforming LLDPE
25 Mar 2025 The Shenhua Auction Platform closed with mixed acceptance rates, maintaining the divergence between the PP and LLDPE segments. This disparity mirrored trends on the Dalian Commodity Exchange, where PP contracts continued to outperform LLDPE.
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25 Mar 2025

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Shandong Yulong Auction: Homo-PP yarn sales weakened as buyers rejected price hike

Resistance was particularly evident in the homo-PP yarn segment, where acceptance rates plummeted by 36% from the previous session. Market participants cited a widening disparity between auction and spot prices,
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25 Mar 2025

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Malaysian producer unexpectedly reduces LLDPE film offers despite tight supply

The decision has sparked intense debate among market participants, with buyers voicing concerns over the near-term price trajectory and broader market stability.
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25 Mar 2025

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China Morning Snapshot – 25 March 2025

On the domestic spot market, Chinese producers raised homo-PP offers by CNY 50/ton for the second consecutive session, underpinned by firm futures performance and rapid inventory drawdowns.
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24 Mar 2025

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Saudi major hikes April PE offers to Southeast Asia amid lingering supply crunch

Indeed, the Vietnamese Dong weakened sharply against the US dollar at the start of the week, with Vietcombank reference rates reaching VND 25,810. A weaker currency inevitably raises import costs
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24 Mar 2025 Propylene

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Asian propylene slump drags into seventh week as Chinese demand falters

The combination of improving domestic availability and deteriorating demand has intensified concerns over a prolonged downtrend, with industry participants increasingly pessimistic about the near-term outlook.
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23 Mar 2025 GPPS Inj HIPS Inj

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Thai PS price hike faces resistance in Vietnam amid weak market conditions

In a move that defied market expectations, a major Thai producer raised its import PS offers to Vietnam by $60/ton compared to the previous week, despite ongoing demand weakness and increased competition from more competitively priced Chinese cargoes.
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23 Mar 2025 PET Bottle

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Supply disruptions lifted Chinese PET bottle market, but weak demand capped gains

Despite these supply constraints, both local and international buyers remained hesitant, scrutinising whether the current price rally could be sustained. The approaching Eid al-Fitr holiday in key Muslim markets is expected to dampen short-term purchasing activity,
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