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News Insight & Analysis

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Chinese PET bottle market declines amid weakening upstream market, rising supply
04 Sep 2024 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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04 Sep 2024

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

The Shenhua Auction Platform concluded today’s session with disappointing results, largely due to the producer's bold decision to maintain firm auction prices despite declining crude oil prices and a weak futures market.
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03 Sep 2024

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Indonesian major trading house stepped back on PP, PE offers amid rising resistance

Despite these downward adjustments, current price levels still indicate marginal gains. CommoPlast data reveals that HDPE and LLDPE film prices remain approximately IDR 500,000/ton above the cyclical lows recorded in mid-August.
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03 Sep 2024

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China Morning Snapshot – 03 September 2024

Despite the weakening futures market, Chinese buyers continued with spot purchases, encouraged by improving end-product demand. Recent discounts on homo-PP cargoes further stimulated buying interest.
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03 Sep 2024

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China Morning Snapshot – 02 September 2024

Despite a confluence of bearish factors — including declining crude oil prices, weak futures trading, and the significant inventory accumulation — Chinese suppliers maintained a firm stance on spot PP and PE offers.
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03 Sep 2024

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

During today’s session, trading sentiment on the Shenhua Auction Platform showed notable improvement, despite continued declines in futures contracts on the Dalian Commodity Exchange.
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02 Sep 2024

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Rebounded export activities eased pressure on the local PVC market in China

Since early August, Chinese suppliers have capitalized on normalizing shipping costs and the anticipated delay in the implementation of the Quality Control Order (QCO) to secure a significant number of deals with Indian buyers.
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