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News Insight & Analysis

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South Korean PP inched lower in Indonesia, limited market responses
29 Nov 2022 Buyers portray limited purchasing interest following news that import homo-PP has been concluded below the $900/ton threshold in China, marking the start of a new down-cycle.
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29 Nov 2022

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Import homo-PP below the $900/ton mark pique Chinese customers’ buying interest, again

Besides, market participants remain hopeful that the government would gradually ease COVID-19 control measure after the Lunar New Year, which takes place in late January 2023.
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29 Nov 2022 SPVC k64-65 SPVC k67-68

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Domestic producer slashes December PVC offers in Indonesia on weak demand

Indonesian customers are rather concerned about the demand outlook in 2023 because of the presidential election campaigning that might further impact the infrastructure project approval processes.
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29 Nov 2022

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China Morning Snapshot – 29 November 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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