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News Insight & Analysis

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China Morning Snapshot – 18 May 2023
18 May 2023 Trading activities in the domestic spot market remain subdued toward the end of the week and signs of a stabilising futures market failed to stimulate any buying interest.
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18 May 2023

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18 May 2023 - Shenhua's coal-based PP and PE Auction Results

After witnessing resistance from customers in the previous session, Shenhua lowers their deal prices for homo-PP by as much as CNY140/ton today, leading to a visible uptick in transactions.
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17 May 2023

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Qatari PE offers extended the weakening trend in China

The three consecutive weeks of sharp decline in the local market, which coupled with the depreciating Chinese Yuan against the US dollar obviously put tremendous pressure on international suppliers.
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17 May 2023

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China Morning Snapshot – 17 May 2023

After maintaining spot PP and PE offers at relatively stable levels in the last session, local suppliers resume lowering prices today albeit marginally.
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17 May 2023

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17 May 2023 - Shenhua's coal-based PP and PE Auction Results

While transactions for LLDPE remain satisfactory, the producer conceded to CNY20-100/ton discount on deal prices, hinting at the stiff resistance toward any attempt to stabilize or increase the prices.
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16 May 2023 SPVC k67-68

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Southeast Asian PVC market tracks stable trend ahead of June prices announcement

Meanwhile, the demand in China shows no definite sign of improvement even though the country has removed all COVID-19-related restrictions.
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16 May 2023

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Malaysian producer cuts June LDPE offers to Vietnam; weak demand persists

Vietnamese customers on the first trading day of the week reported having received fresh LDPE offers for June loading from a key Malaysian producer with moderate decreases
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16 May 2023 PET Bottle

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Chinese PET continues galloping lower in Indonesia amid volatile upstream market

In the upstream market, spot PX fell to the lowest level since early January 2023 on the back of lethargic downstream activities and the deteriorating crude oil complex.
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