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China Morning Snapshot – 31 August 2023
31 Aug 2023 Chinese traders shrugged off the weak manufacturing data released by the government this morning to place more bullish bets on news that a number of local banks will be lowering interest rates on existing mortgages and deposits starting 1 September.
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31 Aug 2023

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31 August 2023 - Shenhua's coal-based PP and PE Auction Results

Coupled with the strong sales results in the previous session, the coal-based producer confidently lifted deal prices by CNY40/ton for homo-PP and by a whooping CNY200/ton for LLDPE.
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30 Aug 2023

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Weak demand, exchange rate issues forced Korean producer to lower homo-PP offers to Vietnam.

Vietnamese customers believed that purchasing import homo-PP at the $950/ton mark or slightly lower would minimize the exposure to price risks citing the strong upstream costs that would prevent any major downfall.
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30 Aug 2023

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China Morning Snapshot – 30 August 2023

In a span of three trading days, both producers managed to deplete the large weekend accumulation reported earlier this week.
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30 Aug 2023

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30 August 2023 - Shenhua's coal-based PP and PE Auction Results

The revival of the Dalian Commodity Exchange is the primary driver behind the abrupt pick-up in transactions for the coal-based parcels, which supports Shenhua in lifting deal prices for both homo-PP and LLDPE substantially.
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29 Aug 2023

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China Morning Snapshot – 29 August 2023

Sources attributed the large draw in local stocks to the monthly closing activities, in which distributors are required to offtake the committed monthly quantities.
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29 Aug 2023

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29 August 2023 - Shenhua's coal-based PP and PE Auction Results

The coal-based materials auction platform ended the second session of the week with disappointing results for LLDPE cargoes even though deal prices were set at CNY200 – 330/ton lower than the previous day for this grade.
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28 Aug 2023

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Price List: Zhongjing rollovers export PP offers amid diverged local market.

Although most traded PP contracts on the Dalian Commodity Exchange gathered a minor gain of CNY11/ton ($2/ton) on the first trading day of the week, investors seemed not motivated enough to participate in larger trading volumes.
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