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News Insight & Analysis

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Chinese PVC market extended the firming trend as players return from the holiday
08 Feb 2022 Coupled with the strong sentiment in China, it is expected that overseas suppliers would open March shipment offers with some increases instead of reductions as previously discussed.
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08 Feb 2022

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China Morning Snapshot – 08 February 2022

Given the fact that arbitrage traders retreat to the sideline following the fall on Dalian Commodity Exchange, trading sentiment in the spot market has also dimmed
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07 Feb 2022

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[FREE] 7 February 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders return to the market with strong replenishment appetite amid the rising energy complex.
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07 Feb 2022

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Statistics: China’s import petchem fell sharply in December

Data from CommoPlast suggested that local PP productions have met 89.3% of the demand and with additional new plants coming online, China would be steadily transitioned to a net exporter.
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07 Feb 2022

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Price List: China’s Zhongjing opens fresh PP export offers after the long holiday

However, it is expected that buyers in Southeast Asia might not be able to accept the new offers taking into account the also high shipping costs.
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07 Feb 2022

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Indonesian buyers withdraw to the sideline as homo-PP offers hit multi-month highs

The surging local market has also been elevating the import market. In fact, import homo-PP yarn based on CIF Indonesia terms climb higher at a much quicker pace compared to other markets within the region, data from CommoPlast showed.
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07 Feb 2022

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China PP, PE market takes a bull ride after the long holiday

However, part of the market remains cautious citing the concerns over the sustainability of the hikes.
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07 Feb 2022

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China Morning Snapshot – 07 February 2022

Apparently, the inventory pressure remains very much manageable as the inventory piled up less than 1 million tons for second year in a row.
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