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28 March 2024 - Shenhua's coal-based PP and PE Auction Results
28 Mar 2024 Trading sentiment on the Shenhua auction platform dimmed further as March draws near to an end. Market participants especially focused on the still high auction volume at this time of month, which signal the possibility of rising sales pressure in the coming days.
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27 Mar 2024

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Overseas suppliers resume cutting import PE offers to China on sluggish demand, exchange issues

In fact, the upward momentum observed in the local market during mid-March has now dissipated, replaced by four consecutive days of softening spot PE offers from domestic sellers.
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27 Mar 2024

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China Morning Snapshot – 27 March 2024

Investors shrugged off the positive news regarding the rebounded industrial profit among Chinese firm to focus on possible further depreciation of the Yuan.
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27 Mar 2024

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27 March 2024 - Shenhua's coal-based PP and PE Auction Results

Compared to the previous session, trading sentiment on the Shenhua auction platform fell moderately in terms of both percentage of deals and prices.
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26 Mar 2024

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Statistics: Local petchem production outputs in China dropped 5.4% in February

According to the latest data from the National Bureau of Statistics, production outputs for key petrochemical products in China fell 5.4% month-on-month in February 2024.
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26 Mar 2024

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Indonesian PP, PE market extended the downswing ahead of the Ramadan holiday

At the start of the week, a prominent domestic producer in Indonesia slashed the PP and PE price list by as much as $30/ton compared to late last week amid increasing downward pressure from more attractive cargoes in the distribution market.
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26 Mar 2024

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China Morning Snapshot – 26 March 2024

The continued falling futures contracts weighed heavily on the trading sentiment, as such, Chinese players are surprised that Shenhua Auction Platform achieved strong sales results this morning.
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26 Mar 2024

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26 March 2024 - Shenhua's coal-based PP and PE Auction Results

Many traders were puzzled by the market response but anticipated the favourable outcome was due to a sizable number of buyers returning to the market today as the auctioned price was still about CNY50/ton lower than local prices.
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