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News Insight & Analysis

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China Morning Snapshot – 11 April 2025
11 Apr 2025 Renewed concerns over global trade tensions overshadowed the uptick in futures, prompting more cautious procurements in the spot market.
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10 Apr 2025

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Weak outlook dulls buying interest as Malaysian LDPE offers hold steady for May in Vietnam

Trading sentiment in Vietnam's petrochemical market has remained subdued over the past week, following the US government's imposition of a 46% reciprocal tariff on Vietnamese imports.
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10 Apr 2025

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Shenhua Auction: Shenhua Auction saw uptake surge after reciprocal tariffs on most nations stalled

The Shenhua Auction Platform recorded a sharp pickup in participation, driven by an abrupt improvement in sentiment across the crude oil and futures markets. The shift followed the US government’s surprise 90-day suspension
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10 Apr 2025

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Shandong Yulong Auction: Sales spiked following several volatile trading days

Shandong Yulong’s latest auction concluded with solid results across PP and LLDPE film segments, mirroring signs of a cautious recovery in both spot and futures trade.
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10 Apr 2025

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China Morning Snapshot – 10 April 2025

In the domestic spot market, trading sentiment improved slightly, underpinned by firmer crude oil and futures values. Nevertheless, the overall recovery appeared tentative
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09 Apr 2025

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Vietnamese homo-PP market edges up as FX shifts, tariff jitters stall buying

While overall sentiment remained cautious, the sharp depreciation of the Vietnamese Dong against the US dollar offered short-term cost support, lending upward pressure to domestic prices despite muted buying interest.
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09 Apr 2025

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Shenhua Auction: Auction sales plummeted on trade war uncertainties, obliterating LLDPE demand

Buyers on the Shenhua Auction Platform pulled back from procurement activity as they assessed the implications of the latest escalation in trade tensions, following the United States’ announcement of an additional 50% in tariffs
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09 Apr 2025

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China Morning Snapshot – 09 April 2025

Chinese PP sellers applied widespread discounts, aligning with the energy and futures markets which have been plummeting for days. However, buying activity remained muted
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