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Taiwanese producer opened September PVC offers with steep reductions
27 Aug 2024 Market reception to the new offers has been tepid, with Southeast Asian buyers expressing disappointment that prices remain above the $800/ton threshold – a level undercut by Chinese and regional competitors.
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27 Aug 2024

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China Morning Snapshot – 26 August 2024

The domestic spot market maintained a positive trading sentiment even after the latest price hikes. Market sources suggest that the down-cycle may have bottomed out, with the manufacturing season gaining momentum and prompting more active restocking by buyers.
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27 Aug 2024

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27 August 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform was boosted by the continued rallying of futures contracts on the Dalian Commodity Exchange. In spite of the steady auction prices, Chinese bidders were more enthusiastic
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26 Aug 2024

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Saudi producer cut September PE offers to Vietnam, buyers negotiate fiercely on loosening supply outlook

Despite the sharp cuts, the market response has been tepid, with several buyers submitting counteroffers well below the producer's initial price list.
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26 Aug 2024

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Chinese producers hold firm on export PP offers amid steady local market

The local Chinese market, while not experiencing significant improvement in buying activity, continues to see consistent small-scale purchases from buyers looking to cover immediate needs.
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26 Aug 2024

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China Morning Snapshot – 26 August 2024

Despite rising futures contracts and manageable inventory levels, Chinese suppliers have surprisingly opted for a cautious approach, holding spot PP and PE offers steady from late last week.
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26 Aug 2024

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26 August 2024 - Shenhua's coal-based PP and PE Auction Results

On the pricing front, Shenhua managed to raise the auction price for homo-PP by CNY 40/ton, bolstered by a rebound in futures contracts on the Dalian Commodity Exchange. However, the auction price for LLDPE slipped by CNY 60/ton compared to the previous session, reflecting mixed sentiment in the market.
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24 Aug 2024

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Key Malaysian producer implements steep cuts on September PP, PE offers to Indonesia amidst regional downtrend

This latest adjustment marks the fourth consecutive month of price cuts for PP and the fifth for HDPE, underscoring the sustained bearish sentiment in the market. Despite these aggressive reductions, market responses remain tepid.
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