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News Insight & Analysis

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Chinese suppliers trimmed export homo-PP offers amid dwindling demand, cloudy outlook
22 Oct 2024 Chinese suppliers sharply reduced export offers for homo-PP this week in response to persistently weak demand and an increasingly uncertain market outlook. The price cuts sparked some interest from international buyers, but higher shipping costs have deterred any immediate deals.
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22 Oct 2024

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Chinese suppliers continued to cut export PET bottle offers as stimulus speculations faded

The PET bottle market, which briefly surged earlier this month on expectations of government intervention, has since faced significant downward pressure as the underlying market fundamentals reassert themselves.
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22 Oct 2024

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China Morning Snapshot – 22 October 2024

Local market trading activity has remained largely stagnant, with Chinese producers maintaining official price lists in line with developments on the Dalian Commodity Exchange.
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22 Oct 2024

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22 October 2024 - Shenhua's coal-based PP and PE Auction Results

Trading activities on the Shenhua Auction Platform showed marked improvement on the second day of the week, despite the ongoing decline in futures contracts on the Dalian Commodity Exchange. Market sources attributed the increased buying interest to the coal-based producer's decision to reduce auction prices by CNY 20-50/ton
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18 Oct 2024

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Vietnam's homo-PP market rallies amid supply concerns and currency volatility

This sudden rally has triggered widespread caution among buyers, many of whom have adopted a wait-and-see approach to gauge the sustainability of this upward trend, dampening overall market sentiment.
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18 Oct 2024

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Saudi producer signals higher PE prices for Southeast Asia, market response uncertain

A source close to the producer explained that the price hike is largely driven by a strengthening trend in China’s PE market, despite the muted impact of recent economic stimulus measures by the Chinese government.
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18 Oct 2024

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Rally in Chinese LDPE film market stalls amid rising domestic supply and dwindling confidence

The market's momentum has been undermined by the prospect of increased domestic supply, which has alleviated concerns over reduced overseas availability, particularly from key suppliers like Iran.
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18 Oct 2024

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China Morning Snapshot – 18 October 2024

The market for PP and PE in China remains under pressure as the October 17 government stimulus failed to significantly influence the prevailing market sentiment.
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