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News Insight & Analysis

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Import homo-PP market in Vietnam shows signs of softening amid swelling buyer resistance
25 Apr 2023 This week, a couple of overseas sellers pioneers price cuts on import homo-PP offers to Vietnam – a clear sign that the persistently weak demand condition triumphs over all other factors.
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25 Apr 2023

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China Morning Snapshot – 25 April 2023

It is not a surprise that key domestic producers maintain a firm stance on spot PP and PE cargoes considering the rapid draw in inventories and the stabilising Dalian Commodity Exchange.
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25 Apr 2023

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25 April 2023 - Shenhua's coal-based PP and PE Auction Results

Trades on the Shenhua auction platform rose sharply on Tuesday, 25 April with LLDPE achieving 100% deals while homo-PP fell short of just 1.4% (or 40 tons) in completing its allocation.
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24 Apr 2023

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Taiwanese major slashes May PVC offers larger than expected

Initial responses from the market are rather mixed. While Indian customers have accepted the new prices, Chinese and Southeast Asian buyers continue to press prices lower to close deals at below the $800/ton threshold.
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24 Apr 2023

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Mixed price movements in Saudi producer’s latest PE offers to Vietnam

Negotiations are ongoing; however, market participants do not appear optimistic about the near to medium term outlook.
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24 Apr 2023

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Local PP and PE market tracks stable to firmer trend in Indonesia amid holiday

The latest price list might set the tone for the market once players return from the long holiday on 26 April 2023.
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24 Apr 2023

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Chinese LDPE market hit multi-year lows on weak demand, comfortable supply

For the first time since late July 2020, the average import LDPE film offers based on CFR China terms breaches below the $1000/ton threshold this week, data from CommoPlast showed.
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24 Apr 2023

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China Morning Snapshot – 24 April 2023

Despite the soft futures market, major domestic producers maintain a firm stance on spot PP and PE offers claiming the lack of inventory pressure.
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