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News Insight & Analysis

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Indonesian PET bottle market extends slide amidst currency fluctuations and weak demand
24 Aug 2024 This decline is largely attributed to the strengthened Rupiah, which has appreciated by approximately 5% against the US dollar since July. Typically, a stronger Rupiah exerts downward pressure on commodity prices denominated in the local currency.
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23 Aug 2024

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China Morning Snapshot – 23 August 2024

Market observers pointed to the tepid sentiment, noting that most customers had already completed their weekly replenishment and are now adopting a more conservative approach.
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23 Aug 2024

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

Chinese buyers, having largely fulfilled their purchasing needs earlier in the week, have now adopted a cautious approach. These buyers are refraining from further commitments while evaluating the near-term market outlook, reflecting broader uncertainties in the market.
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22 Aug 2024 PET Bottle

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Chinese PET bottle market extends losses amid persistently weak demand and slumping upstream costs

The softening local market has overshadowed the depreciating US dollar, prompting Chinese PET bottle suppliers to trim export offers by $5-10/ton from the previous week. However, initial market responses have been tepid, with bids falling well below the listed prices.
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22 Aug 2024

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China Morning Snapshot – 22 August 2024

In a surprising move, Chinese producers lowered spot LLDPE film offers by CNY 50/ton, despite the rally on the Dalian Commodity Exchange. Market sources link this conservative pricing to subdued buying activity
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22 Aug 2024

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

Shenhua’s auction session concluded on a seemingly positive note today, as buyers showed interest in the reduced prices. However, this response appears more reactionary than indicative of genuine market strength.
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21 Aug 2024

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Taiwanese major postponed PVC price announcement amid uncertainty over India's BIS implementation

A major Taiwanese PVC producer has opted to postpone its September price announcement until next week, citing the Indian government’s pending decision on the enforcement of the Bureau of Indian Standards (BIS) mandate.
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21 Aug 2024

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Export PP offers from China remain firm amidst stabilized local market and weaker US dollar

In the past week, demand for prompt delivery cargo within China has shown signs of lethargy, with buyers focusing on post-National Day deliveries at discounted rates.
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