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News Insight & Analysis

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China Morning Snapshot – 31 October 2024
31 Oct 2024 While this day-on-day accumulation is unusual during a trading session, market sources attribute it to routine month-end adjustments. Observers noted that inventory levels, while elevated, remain manageable.
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30 Oct 2024

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Indonesian major maintained local PP, PE offers steady for the fourth consecutive week

In Indonesia, PP and PE trading activity remains sluggish. After recent replenishment efforts, buyers are now adopting a wait-and-see approach, closely observing both domestic and international political and economic developments to better anticipate potential price shifts towards year-end.
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30 Oct 2024

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Chinese PP exports extended the weakening trend amid cautious buyer sentiment

However, the downward adjustments remained minor. The steady need-based purchases at home coupled with reduced plant utilization rates helped to keep any excessive inventory pressure in check at the moment.
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30 Oct 2024

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China Morning Snapshot – 30 October 2024

Market sources suggest that at this rate, the two companies could lower stock levels below the 700,000-ton threshold before the weekend, potentially alleviating inventory pressures that have weighed on the local market since the Golden Week.
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30 Oct 2024

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

Shenhua auction platform concluded today's session on a weak note. Despite a CNY20/ton discount on homo-PP, market participants were hesitant to increase their purchases, resulting in lower sales volumes compared to the previous session.
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29 Oct 2024

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China Morning Snapshot – 29 October 2024

The most-traded PP and LLDPE contracts on the Dalian Commodity Exchange closed the morning session with notable declines, weighed down by steep drops in upstream crude oil prices.
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29 Oct 2024

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

While Chinese bidders portrayed thin interest in PP, demand for LLDPE remained satisfactory driven by consistent demand for agricultural film in northern China.
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25 Oct 2024 PET Bottle

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Weak demand and sliding costs keep the Chinese PET bottle market under pressure

Despite spot offers losing nearly 90% of their post-Golden Week gains, buyers have remained cautious, holding off on large purchases amid widespread expectations of further price reductions.
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