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China Morning Snapshot – 02 December 2025
02 Dec 2025 Domestic producers raised PP and LLDPE prices in line with the stabilisation in futures, though buying interest remained limited. Sellers reported that many customers were still negotiating and reluctant to commit, reflecting cautious sentiment across the value chain.
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01 Dec 2025

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Shenhua Auction: Lower offers, firmer futures spark interest but overall buying appetite remains restrained

Shenhua offered both homo-PP yarn and LLDPE film at CNY 140–200/ton below last Friday’s levels, encouraging steady but selective buying.
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01 Dec 2025

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Saudi Aramco lifted December LPG prices, ending a nine-month slump

However, the relatively modest increases also underscored the producer’s cautious stance in the face of comfortable supply conditions and persistent weakness in the petrochemical sector.
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01 Dec 2025

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Rising freight rates, currency exchange weighed on China’s PVC export market

China’s export PVC market extended its weakening trend over the past week, with carbide-based cargoes recording a fourth consecutive weekly decline to new lows.
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01 Dec 2025

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Official data: China PMI data shows eighth month of contraction in manufacturing, even as new order gauges inch up

China’s official manufacturing PMI rose slightly to 49.2 in November, up from 49.0 in October — but remained below the 50‑point expansion threshold, marking an eighth consecutive month of contraction.
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01 Dec 2025

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China Morning Snapshot – 01 December 2025

Local PP and PE offers held broadly steady at the start of the week, though some sellers indicated that modest price increases could follow if futures extended their morning strength.
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28 Nov 2025

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Steeper-than-expected December PP, PE cuts from Malaysian producer surprised local market

However, the wide premium of local cargoes over imported materials ultimately forced producers to realign their prices.
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28 Nov 2025

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Shenhua Auction: Futures snap losing streak, prompting selective restocking

Homo-PP yarn, offered at CNY 40/ton above earlier levels, drew steady interest even as previously released lower-priced cargoes had been cleared. LLDPE film, priced at a CNY 20/ton discount, also saw firmer deal activity, suggesting a measured but responsive pickup in buying.
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