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China Morning Snapshot – 29 November 2022
29 Nov 2022 All eyes are on the COVID-19 conference from the Ministry of Health this afternoon. Speculations are that the authorities might further eliminate some restrictions as the country embark on a phase-based reopening.
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29 Nov 2022

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29 November 2022 - Shenhua's coal-based PP and PE Auction Results

Despite the strong sales results, it appears that the producer is not ready to implement any increases, which market participants attributed to the effort to deplete more cargoes by the month-end.
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28 Nov 2022

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Price List: China’s Zhongjing reduces export PP offers

China’s major PP producer – Zhongjing Petrochemical has stepped back on export PP offers on the back of the dwindling demand condition both at home and overseas markets.
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28 Nov 2022

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Local PP, LLDPE market in Indonesia rebounded while HDPE galloped lower

A major domestic producer in Indonesia opened a fresh weekly price list over the weekend with increases on all PP and LLDPE grades while HDPE extended the softening trend.
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28 Nov 2022

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Local HDPE market remains soft in Indonesia on sluggish demand

However, as discussed earlier, it is very much understandable because PE packaging manufacturers have been suffering from falling orders and squeezed margins for months now.
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28 Nov 2022

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China Morning Snapshot – 28 November 2022

Market participants were particularly concerned about the rising number of COVID-19 infection cases across the country and the protests against the lockdown measures.
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28 Nov 2022

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28 November 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders withdraw to the sideline on the first trading day of the week as the futures market retreated throughout the morning session on the concerns over the widespread protests against the strict COVID-19-related lockdowns.
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25 Nov 2022

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China Morning Snapshot – 25 November 2022

Regardless of the renewed lockdown in Beijing, investors focus on the government’s latest effort to support growth. More commercial banks also pledge more credit lines to property developers, which could ease the housing market turmoil.
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