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News Insight & Analysis

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China Morning Snapshot – 21 February 2024
21 Feb 2024 Some players stated that their inventory digestion remains sluggish while many other sellers are lamenting today's poor sales, indicating the slow actual market buying activity.
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21 Feb 2024

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21 February 2024 - Shenhua's coal-based PP and PE Auction Results

Following a disappointing auction result in the previous session, Shenhua stepped up the effort to encourage purchasing activities by offering CNY70-80/ton discounts on the auction prices, leading to improved dealt volume today.
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20 Feb 2024

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Taiwanese major lifted March PVC offers larger than expected

Asian market participants initially expected a $10-20/ton increase from the producer, citing the weak demand ahead of the fasting month as a justification.
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20 Feb 2024

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China Morning Snapshot – 20 February 2024

Sellers reckoned this would pressure the buyers to accept the increased price point due to the low on-hand inventory, in addition to the strong crude price at present.
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20 Feb 2024

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20 February 2024 - Shenhua's coal-based PP and PE Auction Results

The trading market is forecasted to have mediocre sales this week as more buyers take on a reserved approach to monitor the upcoming market direction.
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19 Feb 2024

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Saudi Arabia major lifted March PE offers to Vietnam amid cost-push, tight supply

The resilient upstream ethylene costs, persistent shipping challenges, and lack of availability that stemmed from the recent shutdown supported the price decision.
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19 Feb 2024

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Price List: Zhongjing raises export PP price in post-Lunar New Year week

The post-holiday demand status remains unclear on the first trading day of the week, yet the producer inclined to a rather bullish stance.
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19 Feb 2024

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Malaysian PE surged in Vietnam amid tightening availability

On the first trading day of the week, a key Malaysian producer surprised the market by announcing March PE shipment offers to Vietnam with large increases
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