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China Morning Snapshot – 06 September 2024
07 Sep 2024 Market participants noted that while Chinese producers have been persistent in maintaining stable spot offers despite sluggish demand, the PP sector appears to be under more pressure than PE.
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07 Sep 2024

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06 September 2024 - Shenhua's coal-based PP and PE Auction Results

Transactions on the Shenhua Auction Platform surged on the final trading day of the week, driven by a CNY 50/ton discount on homo-PP cargoes offered by the coal-based producer. The price reduction helped restore some attractiveness to these parcels, aligning with a more stable trend observed on the Dalian Commodity Exchange.
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05 Sep 2024 SPVC k67-68

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Indonesian major slashed local PVC offers; uncertain outlook triggered fierce negotiations

Negotiations are ongoing at the time of this report with buyers counterbidding at $20-30/ton below the initial price list citing the soft end-product market and intensifying competition in the PVC sector.
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05 Sep 2024

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China Morning Snapshot – 05 September 2024

The CNY 50/ton discounts offered by local producers on spot PP and PE cargoes have been viewed as insufficient to stimulate buying interest, with bids from buyers emerging at levels CNY 200/ton below the current market prices.
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05 Sep 2024

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05 September 2024 - Shenhua's coal-based PP and PE Auction Results

Buying activities on the Shenhua Auction Platform showed no significant improvement towards the weekend, as falling futures contracts on the Dalian Commodity Exchange continued to deter both arbitrage traders and spot buyers from making new purchases.
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04 Sep 2024

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Chinese producers continued lifting export PP offers despite weakness in the local market

In just two trading days, Sinopec and CNPC managed to deplete 70,000 tons or 8.5% of their combined PP and PE stocks, highlighting the steady replenishment activities at home.
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04 Sep 2024 PET Bottle

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Chinese PET bottle market declines amid weakening upstream market, rising supply

A combination of seasonal demand lulls, improved availability, and falling upstream costs have intensified selling pressure, with sellers scrambling to attract buying interest amid a challenging outlook.
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04 Sep 2024

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China Morning Snapshot – 04 September 2024

The rapid stock depletion has prompted local suppliers to keep spot PP and PE offers unchanged from the previous day, disregarding the decline in crude oil prices and futures trading.
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