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News Insight & Analysis

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Price List: China’s Zhongjing resumes cutting export PP offers
22 Aug 2022 Even after the price adjustments coupled with the depreciation of the Chinese Yuan against the US dollar and the plunging shipping costs, Zhongjing’s latest offers are still deemed uncompetitive in Southeast Asia at the moment.
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22 Aug 2022

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Major Saudi Arabia producer cuts September PE offers to Asia

The location gap between China and Southeast Asia has been notably narrowed, which several other Middle Eastern suppliers have been working on, largely to minimize the probability of re-export activities
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22 Aug 2022

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Domestic PP, PE market enters stabilization in Indonesia after weeks on climbing

Market sources said that the stabilized price list is a result of building resistance from buyers and the renewed softening trend in the nearby China market.
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22 Aug 2022

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China Morning Snapshot – 22 August 2022

The Chinese government is escalating the efforts to rescue the economy by providing cash vouchers, cutting taxes for companies, and reducing interest rates. The futures and stock markets gain traction following the news.
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18 Aug 2022

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[FREE] 18 August 2022 - Shenhua's coal-based PP and PE Auction Results

As Shenhua agreed to another CNY50/ton discount on both homo-PP and LLDPE cargoes, buyers are more willing to make replenishment toward the end of the week.
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18 Aug 2022

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China Morning Snapshot – 18 August 2022

While the Dalian Commodity Exchange starts to respond to the government’s efforts to boost domestic consumption, the spot market remains very much dormant.
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17 Aug 2022

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[FREE] 17 August 2022 - Shenhua's coal-based PP and PE Auction Results

For the third session in a row, Chinese bidders prefer to wait on the sidelines leading to a persistently disappointing auction result for Shenhua’s coal-based cargoes.
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17 Aug 2022

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Qatari maker steps back on import PE offers to China as demand wanes

CommoPlast has been reporting a weakening trading sentiment in the domestic China market over the past week as a result of the electricity shortages that force the manufacturing sector in Zhejiang and Sichuan to reduce operating rates.
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