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News Insight & Analysis

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Malaysian LDPE offers to Vietnam remain steady for third consecutive month amid weakening demand
12 Nov 2024 Market sentiment for LDPE has softened notably over recent weeks, largely due to new plant startups in China that have capped a previous price rally fueled by supply concerns.
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12 Nov 2024

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Chinese PP export offers fall sharply amid strong dollar, weak demand

Amid a strong US dollar and dwindling confidence in the demand outlook, Chinese PP exporters have intensified price cuts mid-week in a bid to stimulate overseas sales. Current offers for homo-PP yarn now dip as low as
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12 Nov 2024

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China Morning Snapshot – 12 November 2024

While domestic demand in the spot PP market remains stable, largely due to ongoing need-based purchasing, there is notable resistance to recent price hikes in the LLDPE segment.
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12 Nov 2024

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

Trading sentiment on the Shenhua Auction Platform saw a meaningful recovery on the second day of the week, partly driven by the rebounded futures contracts on the Dalian Commodity Exchange. Besides, the coal-based producer also trimmed auction prices
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11 Nov 2024

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Indonesian major lifted local PP and PE offers as currency exchange issue arises

A dominant Indonesian producer has reportedly raised spot PP and PE offers to the local market at the start of the week, despite sluggish demand conditions amid renewed currency exchange pressures.
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11 Nov 2024 PET Bottle

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Chinese PET bottle export breached below the $800/ton threshold, marking 2024’s new lows

The Asian PET bottle market has witnessed a consistent decline in buyer interest over recent weeks, following a surge in restocking activities during September and October. Industry participants suggest that this prolonged downturn has inflated inventory levels in China
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11 Nov 2024

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China Morning Snapshot – 11 November 2024

However, the decision to forgo immediate consumption-boosting measures has raised concerns. While some market participants see potential long-term benefits in the debt swap plan, others remain skeptical about its ability to catalyze near-term growth.
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11 Nov 2024

insight

Asian polyolefin market remained muted following global political and economic events

In Southeast Asia, market sentiment is equally restrained. Regional and international suppliers have largely refrained from active engagement, seeking to reassess positioning amid rising shipping costs and weakened local currencies.
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