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News Insight & Analysis

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Malaysian PP and PE offered to Indonesia with three digits hike
22 Mar 2021 Sources said that the hikes, especially on PP cargoes, come a little off timing as the regional market has just started to enter a correction period.
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22 Mar 2021

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Local producer cuts PP offers in Indonesia, increase PE prices

A major local producer in Indonesia reportedly cut local spot PP prices on the first trading day of the week in a response to the weakening import ground due to lacking purchasing interest.
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22 Mar 2021

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China: Auction sales result for Shenhua's coal-based PP and PE

Transaction prices have been softer compared to the previous trading session, however, buyers remain cautious about making purchases.
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22 Mar 2021

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China Morning Snapshot – 22 March 2021

Buyers are waiting for additional discounts to emerge citing the falling support from upstream costs and demand.
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20 Mar 2021 PPH Inj PPH Raf

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Southeast Asian import homo-PP market enters correction after multi-year high levels

Southeast Asia players are watching closely on how long this downtrend would last, though there have been opinions that sellers might not reduce prices to the level observed before the Lunar New Year because supply is still yet to fully recover.
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19 Mar 2021

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UPDATE: Regional and international PP producers enter maintenance season

India is expected to see local supply substantially curtail for the period April to May in the absence of major local producers.
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19 Mar 2021

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Taiwanese ABS inched higher in Vietnam, shrugging off falling styrene monomer

Styrene monomer price peak out on 8 March 2021 and constantly weakening since then, shedding $189/ton along to way to $1117/ton FOB South Korea as of 18 March 2021.
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19 Mar 2021

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Chinese traders: Local PP and PE market improved after price reductions

Having said so, players are concerned over the local supply outlook in the coming month, especially for PE due to the lack of import arrivals.
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