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News Insight & Analysis

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China Morning Snapshot – 09 February 2023
09 Feb 2023 Several packaging manufacturers reported slight uptick in finished goods order, which encourage them to return to the market for fresh purchases.
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09 Feb 2023

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Asian ethylene and propylene market on the rise as supply tightened

The Asian ethylene and propylene markets have been on the rise since January 2023 as supply tightened stemming from a prolonged period of production rate cuts among Asian crackers as a result of negative margins and weak downstream demand.
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09 Feb 2023

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09 February 2023 - Shenhua's coal-based PP and PE Auction Results

Following three consecutive sessions of sluggish trading sentiment, Chinese bidders returned to the Shenhua auction platform to make replenishment today, resulting in a rather strong sales result.
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08 Feb 2023

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Price List: Zhongjing further reduces export PP offers on persistently soft demand

This is the second downward adjustment this week and the fourth since the producer returned from the Lunar New Year holiday.
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08 Feb 2023

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Local producer lifted February PVC offers in Indonesia, limited changes in demand

The upward movement also reflects the reduced sales pressure after the maker managed to deplete a good number of cargoes in the export market.
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08 Feb 2023

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China Morning Snapshot – 08 February 2023

Nevertheless, Chinese suppliers expect the current soft demand condition to persist in the next couple of weeks.
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08 Feb 2023

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08 February 2023 - Shenhua's coal-based PP and PE Auction Results

Trading activities on the Shenhua auction platform improved sharply by mid of the week thanks to the rebounded crude oil market, which lend some support to the Dalian Commodity Exchange.
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07 Feb 2023

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Minor correction observed in the Indonesian import PP market as demand fades

Even before the Lunar New Year holiday, Indonesian customers were actively making replenishment, partly because of the favourable exchange rates, and also the strong expectations of a continued firming trend.
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