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Chinese PET bottle market extends winning streak on cost support
23 Aug 2025 Suppliers lifted prices following a surge in PX and PTA futures on Chinese commodity exchanges. Market concerns intensified after ten South Korean petrochemical producers agreed to cut naphtha-cracking rates by up to 25%.
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22 Aug 2025

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Shenhua Auction: Resilient futures buoyed auction results buying

Shenhua Auction Platform concluded the final trading session of the week with firm buying interest, supported by the steady performance of PP and LLDPE futures on the Dalian Commodity Exchange before prices eased toward the session close.
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22 Aug 2025

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Saudi major leads September price cuts in SEA on weak demand, fierce competition

The reductions highlight the growing pressure to revive demand in a market weighed down by expanding domestic capacity and subdued buying sentiment.
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22 Aug 2025

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China Morning Snapshot – 22 August 2025

Attention is turning to potential disruptions tied to China’s upcoming military parade on 3 September.
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21 Aug 2025

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Shenhua Auction: Futures rebound lifts sentiment, buying remains cautious

Trading activity on the Shenhua Auction Platform staged a marked rebound from the previous session, underpinned by firmer futures contracts on the Dalian Commodity Exchange.
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21 Aug 2025

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China Morning Snapshot – 21 August 2025

On the local front, Chinese sellers rollover spot PP offers, leveraging the firmer futures contracts against the stubbornly sluggish demand conditions.
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20 Aug 2025

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South Korea moves to rein in petrochemical overcapacity amid YNCC turmoil

South Korea is moving to restructure its petrochemical industry, with policymakers and producers agreeing to a coordinated effort to cut chronic overcapacity and arrest eroding profitability.
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20 Aug 2025

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Shenhua Auction: Discounts sustained sell-through rates amid weak fundamentals

Auction results showed that deals for PP homo yarn and LLDPE film were broadly similar to the previous session, supported mainly by the producer’s agile pricing strategy to mitigate the impact from weaker futures trading.
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