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China Morning Snapshot – 30 July 2024
30 Jul 2024 With the Dalian Commodity Exchange nearing its lowest levels of 2024, buyer interest in the domestic spot market has waned. Sources indicate that the substantial inventory reduction by key producers failed to stimulate real demand.
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30 Jul 2024

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30 July 2024 - Shenhua's coal-based PP and PE Auction Results

While the number of transactions for LLDPE on the Shenhua Auction Platform showed a slight improvement compared to the previous day, the overall deals for all grades have deteriorated significantly. This decline is a direct consequence of the continued fall in futures contracts on the Dalian Commodity Exchange.
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29 Jul 2024 SPVC k67-68

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Indonesian producer rollover August PVC offers to local market, favourable exchange rates boost sentiment

However, this optimistic local outlook belies the broader challenges facing the PVC market. The international PVC landscape remains weak, largely due to an influx of competitively priced Chinese materials and the seasonal demand lull.
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29 Jul 2024

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Indonesian PP, PE markets galloped lower; production disruption hindered delivery

The fear of significant delays in both local deliveries and import arrivals has driven Indonesian customers back to the market this week, sparking increased trading activity. However, it is noteworthy that even in the distribution market, ready stock cargoes are scarce, with the majority of available offers being for forward-selling.
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29 Jul 2024

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China Morning Snapshot – 29 July 2024

While the overall trading sentiment remained subdued throughout the first half of the day, Chinese sellers reported having achieved small transactions for PP while responses toward PE were muted.
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29 Jul 2024

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29 July 2024 - Shenhua's coal-based PP and PE Auction Results

Market sources attributed the large discrepancies to the mixed sentiment on the Dalian Commodity Exchange and the tighter supply condition for PP that stemmed from a series of production disruptions in recent weeks.
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28 Jul 2024

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China Morning Snapshot – 26 July 2024

The market is still assessing the government's unexpected announcement on Thursday of CNY 150 billion in targeted subsidies to stimulate demand for household appliances, cars, bicycles, and other consumer goods.
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28 Jul 2024

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26 July 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform concluded the final trading day of the week with robust performance, fueled by optimism over the near-term outlook and a rebound in futures contracts on the Dalian Commodity Exchange.
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