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News Insight & Analysis

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South Korean HDPE film advanced in Vietnam amid thin buying interest.
05 Oct 2023 At least two major South Korean producers have opened new HDPE film offers to Vietnam following the mid-Autumn festival with increases on the back of the general supply tightness
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05 Oct 2023

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Indian producer cuts local PVC offers on weak demand, comfortable supply.

According to market sources, the heavy influx of previously purchased cargoes keeps local supply comfortable while the demand is soft, partly due to the monsoon season and concerns over the gloomy global macroeconomic outlook.
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29 Sep 2023

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Chinese PVC market nosedived on weak demand, stumbled futures contracts.

Although the Chinese government has been working to support the local property market, however, the positive impacts seem ephemeral.
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29 Sep 2023

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Chinese PP, PE market loses steam on disappointing demand, post-holiday outlook uncertain.

Chinese arbitrage traders are usually most active when there is a healthy price gap between spot and futures markets. This segment of buyers has been keeping the uptrend intact for weeks since the government escalated the effort to support the local economy.
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28 Sep 2023

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Saudi Aramco lifted propane prices to Asia amid tight supply.

As reported earlier, Saudi Arabia extended the voluntary oil production cut until the end of the year, which indirectly impacted the outputs of LNG and LPG.
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28 Sep 2023

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Local PP, PE market in Malaysia galloped higher on strong upstream costs.

It is reported that availability for HDPE and PP from the producer is limited due to the lower operating rates stemming from compressed profit margins.
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28 Sep 2023

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China Morning Snapshot – 28 September 2023

The strong increase in crude oil prices failed to uplift spot PP and PE offers. Market participants withdraw from the market to wrap up the paperwork before leaving for the long break.
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28 Sep 2023

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28 September 2023 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders returned to the market to make replenishments motivated by the 3% surge in crude oil prices. Shenhua lifted the auction prices slightly by CNY50/ton on homo-PP and CNY10/ton on LLDPE.
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