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Price List: Zhongjing cuts export PP offers for the second time in a week
12 May 2023 In China, trading activities on the Shenhua auction platform have been sluggish throughout the week while key contracts on Dalian Commodity Exchange fall under pressure of global economic slowdown.
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12 May 2023

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China Morning Snapshot – 12 May 2023

Obviously, the spot market is not the only trading platform taking hit from the plunging purchasing interest.
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12 May 2023

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

Shenhua concluded another auction session with disappointing results even though the producer agreed to reduce auction prices.
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11 May 2023

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Vietnamese homo-PP market near five-month lows as Chinese cargoes breached below $1000/ton mark

Following three consecutive weeks of sharp decline, the import homo-PP market in Vietnam is now at the lowest levels in nearly five months with Chinese cargoes spearheading the downtrend
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11 May 2023

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China Morning Snapshot – 11 May 2023

There has not been major improvement in trading sentiment in the domestic spot market, yet suppliers refused to offer larger discounts on both PP and PE cargoes.
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11 May 2023

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

Chinese bidders seem shying away from the market given the bleak near-term outlook and the lack of support to keep prices afloat with the end product businesses dimming.
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10 May 2023

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China Morning Snapshot – 10 May 2023

Some traders resorted to offering forward selling cargoes at discounted price levels to entice demand. The selling strategy worked in the previous week but is no longer effective at the time of this report.
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10 May 2023

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

The recent theme of sourcing need basis continued, this time for homo-PP showcasing the stringent approach by market players despite the grade being CNY10/ton lower than the last session.
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