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China Morning Snapshot – 14 August 2024
14 Aug 2024 Buyers in the agricultural film sectors showed a greater willingness to purchase additional LLDPE and LDPE film cargoes. In contrast, PP customers are steadfastly waiting for further price reductions, highlighting a stark contrast in market behavior.
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14 Aug 2024

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14 August 2024 - Shenhua's coal-based PP and PE Auction Results

Despite the firmness of the Dalian Commodity Exchange, Chinese bidders opted to decelerate their buying activities following an active replenishment session the previous day.
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13 Aug 2024

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China Morning Snapshot – 13 August 2024

The import market, on the other hand, remained subdued with no new direct offers from international suppliers. The escalating geopolitical tensions in the Middle East and Eastern Europe have prompted sellers to adopt a cautious stance.
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13 Aug 2024

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13 August 2024 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders showed heightened enthusiasm for the auction platform to secure additional coal-based PP and PE cargoes, driven by a robust rebound on the Dalian Commodity Exchange. This surge in interest led Shenhua to record a significant number of transactions during today’s auction session
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12 Aug 2024

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Key Indonesian producer holds firm on spot PP, PE offers amid mounting challenges

Despite increasing market challenges, a key Indonesian producer has kept spot PP and PE offers stable compared to the previous week. Market sources indicate that the impact of a strengthened Rupiah and weak demand has yet to influence the latest price list due to limited supply conditions.
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12 Aug 2024

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Chinese suppliers continued to trim export offers as weak local sentiment weighed

Even with a stronger Yuan against the US dollar, holding prices stable has become a challenge, let alone introducing any increases. These constant price adjustments underscore suppliers' efforts to balance maintaining margins with the need to respond to subdued demand.
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12 Aug 2024

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China Morning Snapshot – 12 August 2024

Despite the weakness in the futures market, some Chinese buyers returned to the spot market for purchases following discounts on PP cargoes, though most transactions were of small quantities.
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12 Aug 2024

insight

12 August 2024 - Shenhua's coal-based PP and PE Auction Results

Despite this tepid demand, Shenhua maintained a firm stance on auction prices, raising homo-PP by CNY 10/ton while keeping LLDPE prices unchanged. This move highlights producers' unwillingness to reduce prices further, despite the apparent lack of buyer enthusiasm.
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