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China Morning Snapshot – 12 September 2024
12 Sep 2024 Regardless of the rebounded futures market, spot offers for PP and PE continued to decline by CNY 50/ton, with limited transactions reported.
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12 Sep 2024

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

Trading sentiment on the Shenhua Auction Platform improved sharply late in the week, driven by gains in key contracts on the Dalian Commodity Exchange. The auctions for LLDPE were particularly robust
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10 Sep 2024

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Vietnamese homo-PP market holds firm amid bearish energy complex

Attention is now focused on the availability of Chinese materials. Market participants anticipate rising sales pressure among Chinese suppliers in the lead-up to the weeklong National Day holiday, which could result in lower offers to Vietnam.
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10 Sep 2024

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Indonesian major maintained spot PP, PE offers on a firm note amid limited availability

Meanwhile, trading sentiment in the Indonesian market remains subdued, as buyers adopt a cautious approach in response to a strengthened Rupiah and a sharp decline in crude oil prices.
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10 Sep 2024

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China Morning Snapshot – 10 September 2024

With a long weekend holiday approaching, Chinese buyers have become more active in negotiating new purchases. However, consistent with the futures market, there has been a noticeably stronger demand for LLDPE compared to PP.
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10 Sep 2024

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10 September 2024 - Shenhua's coal-based PP and PE Auction Results

Trading activity on the Shenhua Auction Platform mirrored developments on the Dalian Commodity Exchange during the second trading day of the week. Robust performance in the LLDPE futures market boosted buying interest for coal-based cargoes on the platform.
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07 Sep 2024

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Vietnamese producer maintains stable PP, PE offers after holiday break despite crude oil weakness

The producer started up the petrochemical complex in mid to late August and have been actively offering both PP and PE cargoes to local and international markets.
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07 Sep 2024 SPVC k67-68 SPVC (A) k67-68

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Chinese PVC market resumed falling on weaker buyer engagement, high inventory

Spot ethylene PVC has fallen below the historical lows reported in late April 2020, triggering expectations that PVC producers might voluntarily suspend operations to protect the bottom line.
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