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News Insight & Analysis

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Chinese suppliers lifted export PP offers as the local market rose to multi-month highs
03 Jul 2024 The market is in mid of the seasonal lull, prompting a number of small-scale manufacturers to temporarily halt production to manage rising finished goods inventories.
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03 Jul 2024

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China Morning Snapshot – 03 July 2024

Many small-scale converters in both the PP and PE sectors have reduced operating rates to manage accumulating finished goods inventory
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03 Jul 2024

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03 July 2024 - Shenhua's coal-based PP and PE Auction Results

The coal-based producer implemented a CNY 50/ton increase in auction prices for both PP and PE cargoes. Despite this hike, buyers found these parcels more attractive than spot materials.
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02 Jul 2024

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China Morning Snapshot – 02 July 2024

A sustained rise in the futures market and a rapid drawdown in inventory provide a solid foundation for Chinese producers to raise spot polypropylene (PP) and polyethylene (PE) offers.
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02 Jul 2024

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02 July 2024 - Shenhua's coal-based PP and PE Auction Results

Interestingly, the coal-based producer opted for a more conservative stance by maintaining auction prices stable regardless of the rising futures contract on the Dalian Commodity Exchange.
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01 Jul 2024

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Price List: Zhongjing rollover export PP offers amid challenging overseas market conditions

A source close to the producer expressed concerns about securing deals, citing high ocean freight rates as a significant obstacle.
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01 Jul 2024

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China Morning Snapshot – 01 July 2024

The upcoming Third Plenum, scheduled for 15-18 July, where top Chinese officials will meet to set short- and long-term economic policies, is fueling optimism.
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01 Jul 2024

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Accelerated downtrend in Indonesia's local PP and PE market amid bearish short-term outlook

This move was anticipated by market participants and aligns with the downward trend set by the producer for the third quarter term contract settlements.
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