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China Morning Snapshot – 22 October 2024
22 Oct 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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18 Oct 2024

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

Key contracts for PP and PE on the Dalian Commodity Exchange (DCE) exhibited weak sentiment this morning, reflecting subdued results on the auction platform. Homo-PP, in particular, struggled to attract more deals despite a CNY 30-40/ton ($4-6/ton) discount.
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17 Oct 2024

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China Morning Snapshot – 17 October 2024

Despite these moderate sales, the absence of more substantial stimulus measures from the government after the policy briefing dampened any remaining optimism in the market, pushing traders further to the sidelines.
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