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Chinese suppliers scaled back on export PP price reductions amid stabilizing local front
19 Nov 2024 After aggressive price reductions in the prior week, Chinese PP suppliers have begun moderating their discount strategies for international buyers. This shift reflects a stabilizing domestic market, which has diminished sellers' willingness to concede to deeper price cuts.
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19 Nov 2024

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China Morning Snapshot – 19 November 2024

Despite the stronger futures market in the morning, major local producers opted not to immediately raise spot PP and PE prices. However, expectations are building for price hikes later in the day.
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19 Nov 2024 Naphtha

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Asian naphtha market hit a 2-month low, with a possible breach of the $600/ton threshold

Weak downstream demand, combined with volatility in the energy sector, has been the main driver of bearish sentiment. Market participants are now closely monitoring the potential for prices to dip below the $600/ton threshold in the near term.
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19 Nov 2024

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19 November 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua achieved strong auction results for the second consecutive trading day this week, driven by a CNY 50/ton discount on coal-based LLDPE and support from firming futures contracts on the Dalian Commodity Exchange.
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18 Nov 2024

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Indonesian producer holds PP, PE offers steady amid tightening market conditions

A major Indonesian petrochemical producer has kept its weekly PP and PE offers largely stable, with modest increases of $19-20/ton applied to metallocene PE (mPE) and HDPE blow molding grades.
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18 Nov 2024

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China Morning Snapshot – 18 November 2024

The Dalian Commodity Exchange ended the morning session in negative territory, mirroring the broader downtrend across Asian equity markets as macroeconomic concerns intensified at the start of the week.
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18 Nov 2024

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18 November 2024 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders demonstrated strong purchasing interest during the first auction session of the week, acquiring additional coal-based PP parcels through the Shenhua Auction Platform, despite bearish signals from the Dalian Commodity Exchange.
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15 Nov 2024

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Vietnamese homo-PP market rises amid currency pressures and supply constraints

While keenly checking on new offers and assessing the near-term outlook, Vietnamese buyers have not engaged in aggressive restocking activities due to concerns over the still dwindling end-product businesses.
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