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11 May 2023 - Shenhua's coal-based PP and PE Auction Results
11 May 2023 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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09 May 2023

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China Morning Snapshot – 09 May 2023

Purchasing activities weaken visibly compared to the previous session, still, Chinese producers refused to offer larger price cuts considering the reduced inventory pressure.
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09 May 2023

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

Trading sentiment on the Shenhua auction platform struggles to regain momentum on the second trading day of the week with disappointing sales results for both homo-PP and LLDPE cargoes.
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08 May 2023

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Price List: China’s Zhongjing continues to cut PP export offers

The producer credited the underwhelming prices to the sluggish local market in China as buyers here prefer to stay on the sideline while key contracts on Dalian Commodity Exchange extend the downtrend.
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08 May 2023

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China Morning Snapshot – 08 May 2023

Following an active weekend, Chinese buyers withdraw to the sideline on the first trading day of the week to monitor the development on the Dalian Commodity Exchange.
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08 May 2023

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

Despite recording some sales, the post-holiday purchase activity is lesser than expected as buyers continue to remain vigilant with the weak energy market curtailing the overall buyer’s confidence.
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